Craftsman

1431 W 24th Street

Los Angeles , CA 90007

MLS#: 25615627

$1,499,000

Status: Active
Listing number: 25615627
Listing provided by: The Proud Crowd Inc.
Listing agent phone: None
Last update: 4 hours ago
New on site 1 day ago
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Property

Beds

16

Full Baths

None

1/2 Baths

None

Year Built

1913

Sq.Footage

4,320

Turn-key property within a mile from USC Village. Updated and well-maintained quadruplex, conveniently offers excellent access to USC transportation, the Metro Expo Line, freeways, and city transportation. The building consists of four remodeled and updated units, each approximately 1,080 square feet. With two units downstairs and two upstairs, every unit features 4 bedrooms and 2 bathrooms, totaling 16 bedrooms and 8 bathrooms. Modern amenities include tankless water heaters, central AC and heat, laundry machines, fully equipped kitchens, and furnished common spaces. Each unit is separately metered for gas and electricity. Units are fully furnished and each room is rented independently collecting from $700 to $1,024 per room each month. With rents at market and full occupancy, gross annual income is $163,200 and cap rate is 9.13%. Tax savings may be available as the building is registered, and under a Mills Act contract. Broker does not guarantee the accuracy of square footage, lot size or other info concerning conditions or features of the property provided by the seller or obtained from public records. Buyer and buyer agents are advised to conduct due diligence.

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Crown Molding

  • Total Bedrooms

    16

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Redwood Siding, Wood Siding

  • Parking

    None

  • Patio and Porch Features

    Front Porch

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.0745

  • Property Type

    Residential Income

  • Architectural Style

    Craftsman

Price

  • Sales Price

    $1,499,000

  • Sq. Footage

    4, 320

  • Price/SqFt

    $346

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Raised

  • Senior Community YN

    NO

  • Sewer

    Other

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Location

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Los Angeles

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Listing Courtesy of Amalia Ochoa , The Proud Crowd Inc.

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Turn-key property within a mile from USC Village. Updated and well-maintained quadruplex, conveniently offers excellent access to USC transportation, the Metro Expo Line, freeways, and city transportation. The building consists of four remodeled and updated units, each approximately 1,080 square feet. With two units downstairs and two upstairs, every unit features 4 bedrooms and 2 bathrooms, totaling 16 bedrooms and 8 bathrooms. Modern amenities include tankless water heaters, central AC and heat, laundry machines, fully equipped kitchens, and furnished common spaces. Each unit is separately metered for gas and electricity. Units are fully furnished and each room is rented independently collecting from $700 to $1,024 per room each month. With rents at market and full occupancy, gross annual income is $163,200 and cap rate is 9.13%. Tax savings may be available as the building is registered, and under a Mills Act contract. Broker does not guarantee the accuracy of square footage, lot size or other info concerning conditions or features of the property provided by the seller or obtained from public records. Buyer and buyer agents are advised to conduct due diligence.

1431 W 24th Street

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