717 E 24th Street, Los Angeles, California 90011, Los Angeles, 90011 - 7 bed, 4 bath
717 E 24th Street
Los Angeles, California 90011
Property Price
SUMMARY
Analysis of 717 E 24th Street, Los Angeles, California 90011 is currently available with a list price of $860,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
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Built in 1902, this property is explicitly noted in the listing's weaknesses for having 'outdated infrastructure (plumbing, electrical, HVAC)' and requiring 'significant capital expenditures for system upgrades and deferred maintenance,' as well as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.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Triplex
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.
- Prime Downtown LA Location
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.
- Development and Expansion Potential
The generous 6,510 sqft lot provides substantial opportunities for future expansion, adding additional units, or complete redevelopment, enhancing long-term value.
CONSRISKS & DEFICIENCIES
- Historic Property Age (1902)
Built in 1902, the property likely features outdated infrastructure (plumbing, electrical, HVAC) and may require significant capital expenditures for system upgrades and deferred maintenance.
- Potential for Extensive Renovation
To maximize rental income and attract modern tenants, the units will likely require substantial renovation and modernization, adding to the initial investment costs.
- Non-Premium View
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.
About 717 E 24th Street
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1902
- Lot Size
- 6,510 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Twenty-Eighth Street Elementary School
Grades K-5 • 0.3 mi
San Pedro Street Elementary School
Grades K-5 • 0.4 mi
Twentieth Street Elementary School
Grades K-5 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | - | 97% |
| Baths | 4.0 | - | 97% |
| Square foot | 2,603 | 1,974 | 90% |
| Lot Size | 6,510 | 5,288 | 79% |
| Price | $860.0K | $710.0K | 79% |
| Price per sq ft | $330 | $345 | 41% |
| Built year | 1902 | 1912 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 231 | 31% |
Pricing History
Listed for Sale
Jan 8, 2026
$860,000
$900,000
-4% Price Drop
Initial Listing
Price Change
Sep 12, 2025
$900,000
Initial Listing