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Property Description

ATTENTION INVESTORS: Looking for a well performing turn-key property within the USC DPS Zone? This well-maintained quadruplex, located just a mile from USC Village, offers excellent access to USC transportation, the Metro Expo Line, freeways, and city transportation. Currently generating $145,844 in rental income with low expenses, this property boasts a solid 5.59% cap rate. As we approach the peak student rental season, current vacancies are expected to be filled, potentially increasing the annual rental income by up to $52,800. The building consists of four remodeled and updated units, each approximately 1,100 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. Bedrooms are currently rented to students and are equipped with a bed, desk, and mini-fridge. Don’t miss out on this prime investment opportunity!

Features
: Central, natural gas
: Central Air
2
: Dryer Included, Washer Included, Stackable
0
: Craftsman
Additional Information
The Proud Crowd Inc.
0
CLW-C111669
CLW-X80824
Amalia
5054025017
: Standard
Two
32

Multi-Family For Sale

1431 24th Street, Los Angeles, California 90007

4,320 Sqft
$1,950,000
Listing ID #24408595
Basic Details
Status : Active
DaysOnMarket : 19
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24408595
Price : $1,950,000
Living Area : 4,320 Sqft
Lot Size : 3,244 Sqft
Year Built : 1913
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90007
Price Per Square Foot : $451
ModificationTimestamp : 2024-07-21 10:36:56
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