717 E 24th Street, Los Angeles, California 90011, Los Angeles, 90011 - 7 bed, 4 bath
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Los Angeles, California 90011
This 7-bedroom Income-Generating Triplex offers significant potential at $860,000, following a strategic price adjustment toward its $808,604 Fair Market Value. While the Condition Score of 5 necessitates modernization of the 1902 infrastructure and core systems, the expansive 6,510 sqft lot in Downtown LA provides immense development upside. The property sits within the Los Angeles Unified School District, near top-rated options like Santee Education Complex. This Value-Add Asset represents a strategic acquisition for Buy-and-Hold Investors or Developers looking to maximize ROI through renovation and expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 717 E 24th Street Subject | $860,000* List Price | 7 | 4 | 2,603 | $311 | - |
A 207 E 25th Street Sold | $750,000 | 5 | 2 | 1,885 | $398 | 0.4 mi |
B 317 E 36th Sold | $695,000 | 0 | 0 | 2,868 | $242 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1902, this property is explicitly noted in the listing's weaknesses for having 'outdated infrastructure (plumbing, electrical, HVAC)' and requiring 'significant capital expenditures for system upgrades and deferred maintenance,' as well as 'substantial renovation and modernization.' While the exterior appears maintained, the lack of interior images and the stated need for extensive system replacements and modernization indicate that the property requires substantial repairs and rehabilitation, particularly in key areas like kitchens and bathrooms, to bring it to current standards.
As a triplex, this property offers immediate and significant income potential, making it an attractive asset for investors or owner-occupants looking to offset mortgage costs.
Situated in the heart of Downtown Los Angeles, the property benefits from a high-demand rental market and excellent access to major freeways, public transportation, shopping, dining, and entertainment.
The generous 6,510 sqft lot provides substantial opportunities for future expansion, adding additional units, or complete redevelopment, enhancing long-term value.
Built in 1902, the property likely features outdated infrastructure (plumbing, electrical, HVAC) and may require significant capital expenditures for system upgrades and deferred maintenance.
To maximize rental income and attract modern tenants, the units will likely require substantial renovation and modernization, adding to the initial investment costs.
While the property has a 'Neighborhood' view, the absence of more desirable vistas (e.g., city skyline, mountains) may limit its appeal to a segment of the market seeking premium views.
Excellent investment opportunity! This triplex on 24th Street in Los Angeles, in the heart of Downtown LA, offers incredible income potential and future development possibilities. Situated in a prime location, this multi-unit property is perfect for investors or owner-occupants looking to maximize rental income or even expand living space. With spacious units and a functional layout, each residence provides comfortable living with ample natural light and character. The property sits on a generous lot, offering potential to expand, add additional units, or redevelop. Located near major freeways, public transportation, shopping, dining, and entertainment- this triplex is in a high-demand rental area, making it an excellent long-term investment. Don't miss out on this versatile property with room to grow.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 0.0 | 97% |
| Baths | 4.0 | 0.0 | 97% |
| Square foot | 2,603 | 2,028 | 76% |
| Lot Size | 6,510 | 5,326 | 76% |
| Price | $860.0K | $750.0K | 70% |
| Price per sq ft | $330 | $373 | 39% |
| Built year | 1902 | 1912 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 222 | 218 | 55% |
Jan 8, 2026
$860,000
$900,000
-4% Price Drop
Initial Listing
Sep 12, 2025
$900,000
Initial Listing