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Listed by Kirk Garabedian, DRE #01216376 • Keller Williams R. E. Services
$1,550,000
Est. payment /mo
5,903 Sqft Lot
New
1325 W. 24th ST Los Angeles, CA 90007
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD26236143
Year Built 2023
Lot Size 5,903 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
We are pleased to present 1325-1327 W. 24th Street, a rare opportunity to acquire a 100% vacant, three-unit multifamily property located approximately one mile from the University of Southern California's University Park Campus. One of the property's most compelling features is its 100% vacant delivery, providing investors with the exceptional opportunity to establish a new tenant base, implement a customized leasing strategy, and pursue current market rents without inheriting existing tenants or below-market leases. The property consists of a newly constructed two-story front duplex completed in 2023, together with a renovated rear residential unit originally constructed circa 1922. The property offers approximately 2,738 square feet of building area on a 5,903-square-foot lot. The residential configuration includes two four-bedroom/four-bathroom units and one three-bedroom/three-bathroom unit, providing a total of 11 bedrooms and 11 bathrooms. These multiple-bedroom layouts present an attractive opportunity for investors considering student-oriented rentals, traditional residential leasing, or other legally permissible rental arrangements. At the asking price of $1,550,000, the property offers a projected 6.53% capitalization rate, based on estimated monthly rental
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Other
Exterior
Parking Features No Parking
Garage Spaces 3.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 5055002006
Special Listing Condition Not Applicable
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