1024 W 24th St | Los Angeles, CA 90007
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1024 W 24th St
Los Angeles, CA 90007
16-Unit Value-Add Within the USC Patrol Zone · Multifamily Property For Sale
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16 Units
Investment Highlights
- The electrical system, including the main panel, was upgraded by ownership along with interior improvements to 56% of units
- Several high-profile downtown offices traded in 2024, signaling confidence and attracting employers back to the CBD
- While two ADUs have been added by current ownership, SB 1211 expands the potential to add additional units to the property (buyer to verify)
- Located within the USC patrol zone
- The 2028 Summer Games are expected to drive growth, upgrading infrastructure, neighborhoods, and key venues like the LA Coliseum and Crypto.com Arena
Property Facts
| No. Units | 16 | Building Size | 9,478 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.16/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 9,478 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 230 - 400 |
| 1+1 | 7 | - | 600 |
| 2+1 | 3 | - | 685 - 800 |
Property Taxes
| Parcel Number | 5124-008-018 | Improvements Assessment | $1,273,449 |
| Land Assessment | $2,281,597 | Total Assessment | $3,555,046 |
Property Taxes
Parcel Number
5124-008-018
Land Assessment
$2,281,597
Improvements Assessment
$1,273,449
Total Assessment
$3,555,046
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