Homes for sale - 1857 W 24th ST, Los Angeles, CA 90018

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$975,000

Est. payment - /mo

6,651 Sqft Lot

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UPDATED:

12/10/2024 04:04 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID OC24219789

HOA Y/N No

Year Built 1962

Lot Size 6,651 Sqft

Property Description

This well-maintained quadruplex features three occupied units, each generating $1,300/month, with a 4% rent increase coming in February 2025. Unit 1 is vacant, recently renovated with a kitchen, fridge, AC upgrade, and 7 parking spots in total. The other units have long-term tenants and reliable income.

The property recently passed a city inspection, with all issues addressed. Each 650 sq. ft.(Approx) unit has the same spacious layout. Tenants pay for all utilities except water. All four water heaters have been replaced in the last two years. Dedicated parking for each unit. Great investment potential!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Wall Furnace

Fireplace No

Laundry None

Exterior

Parking Features Assigned

Pool None

Community Features Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5058022021

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Reza Shirangi • The Oppenheim Group • Reza@ogroup.com

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

1857 W 24th ST Los Angeles, CA 90018