1213 W 24th, Los Angeles, CA 90007
1213 W 24th, Los Angeles, CA 90007
1213 W 24th, Los Angeles, CA 90007
1213 W 24th, Los Angeles, CA 90007
1213 W 24th, Los Angeles, CA 90007
1213 W 24th, Los Angeles, CA 90007
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Dusty Mulhearn

Dusty Mulhearn

+1(949) 500-6274
$ 2,138,000
Est. payment | /mo

5,871 Sqft Lot

Save
$ 2,138,000
Est. payment | /mo
Save

5,871 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26142196

HOA Y/N No

Year Built 1956

Lot Size 5,871 Sqft

Property Sub-Type Apartment

Property Description

The Best Location Location Location for Value-add USC off Campus Ten (10) bedroom + Ten (10) bathroom Student Housing investment opportunity, located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students Combined with parental guarantees on leases. The property is currently master leased to a reputable Property Management company until July 31, 2026. Managing Company is Currently collecting gross rents of around $15,170/month. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LAR4, more potential. The subject property is composed of two (2) separate buildings, with two (2) 3-bedroom + 3-bathroom units in the front - 1213 - 1215 W. 24th St, and a 4-bedroom + 4-bathroom brand-new ADU in the back - 1213 1/2 W 24th St. The property's front unit was updated and remodeled in 2021, and features brand new flooring, brand new plumbing/electrical, updated roof, quartz countertops, stainless steel kitchen appliances, new bath rooms, tiled showers with glass enclosures, and new in-unit washer & dryers. The back unit is a brand-new ADU recently constructed and completed in 2021 and features the same high-end finishes as the front unit, essentially delivering a brand new low maintenance properties to any buyer. The investment boasts spacious floor plans, secured gated entry, and on-site laundry. The property is approximately 3167 s.f., 5873 s.f. lot. This property has charming turn of the century details that you will adore. The asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. Don't miss!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Fireplace No

Laundry Inside, Stacked

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description Front Yard

Story 1

Sewer Unknown

Water Other

New Construction No

Others

Senior Community No

Tax ID 5055017002

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Gina Ma IRN Realty 626-215-5788, DRE #01426061

NEARBY SCHOOLS & PROPERTIES

Dusty Mulhearn

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

+1(949) 500-6274

dusty@propertycousins.com

United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Dusty Mulhearn, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1213 W 24th

};