Log In/Sign Up
Your email has been sent.
724 E 32nd St
Los Angeles, CA 90011
724 E 32nd St · Multifamily Property For Sale
·
4 Units
Investment Highlights
- ADU potential
- Central location close to 110 to 10 freeways
- 100% Upside in Rents
Executive Summary
Total Realty Group is pleased to present 724 E 32nd Street, a four-unit multifamily investment opportunity located in the Historic South Central neighborhood of Los Angeles. The property consists of four spacious 2-bedroom, 1-bathroom units encompassing approximately 2,976 square feet on a 5,441 square foot LARD1.5-zoned lot.
Built in 1964, the property offers a desirable unit mix with separately metered utilities and on-site rear parking. The expansive rear parking area provides potential for future ADU development, allowing investors the opportunity to further increase income and maximize the property's value (Buyer to verify all development potential with the appropriate governmental agencies).
Currently operating with below-market rents, 724 E 32nd Street presents a compelling value-add opportunity for investors seeking substantial upside through rental repositioning over time. Based on market rental assumptions, the property offers significant potential to increase cash flow while benefiting from long-term appreciation in one of Los Angeles' steadily improving urban submarkets.
With a strong four-unit layout, favorable location, development potential, and considerable income upside, 724 E 32nd Street represents an attractive investment opportunity for both seasoned and first-time multifamily investors.
Built in 1964, the property offers a desirable unit mix with separately metered utilities and on-site rear parking. The expansive rear parking area provides potential for future ADU development, allowing investors the opportunity to further increase income and maximize the property's value (Buyer to verify all development potential with the appropriate governmental agencies).
Currently operating with below-market rents, 724 E 32nd Street presents a compelling value-add opportunity for investors seeking substantial upside through rental repositioning over time. Based on market rental assumptions, the property offers significant potential to increase cash flow while benefiting from long-term appreciation in one of Los Angeles' steadily improving urban submarkets.
With a strong four-unit layout, favorable location, development potential, and considerable income upside, 724 E 32nd Street represents an attractive investment opportunity for both seasoned and first-time multifamily investors.
Property Facts
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 3.93% | Building Size | 2,976 SF |
| Gross Rent Multiplier | 13.6 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 2.69/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - 1 unit per 1500 SF | ||
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 3.93% |
| Gross Rent Multiplier | 13.6 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,976 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.69/1,000 SF |
| Zoning | LARD1.5 - 1 unit per 1500 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,157 | 744 |
Property Taxes
| Parcel Number | 5120-024-004 | Improvements Assessment | $230,531 |
| Land Assessment | $117,972 | Total Assessment | $348,503 |
Property Taxes
Parcel Number
5120-024-004
Land Assessment
$117,972
Improvements Assessment
$230,531
Total Assessment
$348,503
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
