717 E 24th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$900,000
717 E 24th Street, Los Angeles, California 90011
0Bed
0Bath
2,750Sqft
6,510Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: As a triplex located in a high-demand rental market just minutes from Downtown LA, this property offers significant and diversified rental income streams.
Top Cons:
Advanced Age of Structure: Constructed in 1902, the property is over a century old, suggesting potential for significant deferred maintenance, outdated infrastructure (plumbing, electrical), and higher operational costs.
Compared to the nearby listings
Price:$900.0K vs avg $672.0K (+$228,000)88%
Size:2,750 sqft vs avg 2,042 sqft92%
Price/sqft:$327 vs avg $34138%
More Insights
Built in 1902 (123 years old).
Condition: The property was built in 1902, making it over 120 years old. While the description mentions 'comfortable living' and 'character,' there is no indication of any major renovations within the last 50 years, especially concerning critical areas like kitchens and bathrooms. Without interior images, it's highly probable that the major systems (plumbing, electrical, HVAC) and interior finishes are severely outdated, inefficient, and would require substantial repairs or complete rehabilitation to meet current standards. The exterior appears maintained but shows its age, consistent with a property needing significant modernization.
Year Built
1902
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$327
HOA
-
Days on market
-
Sold On
-
MLS number
SB25202514
Home ConditionPoor
Features
View-
About this home
Excellent investment opportunity! This triplex on 24th Street in Los Angeles, just minutes from 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. 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 (buyer to verify with the city). 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
Nearby schools
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.3mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.4mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.5mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.6mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.8mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.0mi
3/10
Trinity Street Elementary School
Public,•K-5•1.0mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.0mi
2/10
Harmony Elementary School
Public,•K-5•1.1mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.1mi
4/10
Norwood Street Elementary School
Public,•K-5•1.4mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.7mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.7mi
2/10
John W. Mack Elementary School
Public,•K-5•2.0mi
5/10
Menlo Avenue Elementary School
Public,•K-5•2.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•2.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.4mi
4/10
John Adams Middle School
Public,•6-8•0.7mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.0mi
3/10
George Washington Carver Middle School
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•3.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.2mi
5/10
Santee Education Complex
Public,•9-12•0.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.1mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.1mi
4/10
West Adams Preparatory High School
Public,•9-12•2.1mi
3/10
Manual Arts Senior High School
Public,•9-12•2.1mi
Condition Rating
Poor
The property was built in 1902, making it over 120 years old. While the description mentions 'comfortable living' and 'character,' there is no indication of any major renovations within the last 50 years, especially concerning critical areas like kitchens and bathrooms. Without interior images, it's highly probable that the major systems (plumbing, electrical, HVAC) and interior finishes are severely outdated, inefficient, and would require substantial repairs or complete rehabilitation to meet current standards. The exterior appears maintained but shows its age, consistent with a property needing significant modernization.
Pros & Cons
Pros
High Income Potential: As a triplex located in a high-demand rental market just minutes from Downtown LA, this property offers significant and diversified rental income streams.
Future Development Upside: The generous 6,510 sqft lot provides substantial potential for expansion, adding additional units, or complete redevelopment, enhancing long-term asset value.
Strategic Urban Location: Situated in a prime Los Angeles location with excellent access to major freeways, public transportation, shopping, dining, and entertainment, ensuring strong tenant demand and convenience.
Multi-Unit Investment: The triplex configuration offers a diversified income portfolio, mitigating risks associated with single-unit vacancies and enhancing overall investment stability.
Historic Character & Spacious Layouts: Built in 1902, the property likely possesses unique architectural character, combined with spacious units and ample natural light, appealing to a broad tenant base.
Cons
Advanced Age of Structure: Constructed in 1902, the property is over a century old, suggesting potential for significant deferred maintenance, outdated infrastructure (plumbing, electrical), and higher operational costs.
Unspecified Renovation Needs: While offering character, the property's age implies potential for extensive renovation or modernization required to meet contemporary tenant expectations or current building codes, impacting initial investment and ROI.
Development Verification Required: The 'buyer to verify with the city' clause for expansion or redevelopment indicates potential complexities, zoning hurdles, or unforeseen costs that could complicate or delay future development plans.