1688 W 24TH Street,  Los Angeles CA, 90007 (Residential Income)

5,310 sqft
Status: Sold
MLS#: 16123192
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Last Updated: 12/10/2016 4:33 PM
Description for 1688 W 24TH Street Los Angeles, CA 90007
We are pleased to present for sale an 8-unit apartment community situated in the Adams-Normandie neighborhood. Conveniently located just east of Normandie Boulevard and north of Adams Boulevard, the property is in a highly dense pocket between University Park to the east and Jefferson Park to the west.The subject property features eight one-bedroom/one-bath units with a total of 8 on-site parking spaces. The property is individually metered for gas and electric and is situated on a 6,098 square foot parcel. Due to its 1960 construction, the property is subject to Los Angeles rent control statutes. Given the property's unique layout and floor plans, 1688 West 24th Street offers an investor the opportunity to acquire an asset in a high demand rental market with realistic value-add potential.
Price
Sold Price:
$975,000
Sold Date:09/22/2016
Los Angeles
5,310 (approx)
16123192
Closed
Description
We are pleased to present for sale an 8-unit apartment community situated in the Adams-Normandie neighborhood. Conveniently located just east of Normandie Boulevard and north of Adams Boulevard, the property is in a highly dense pocket between University Park to the east and Jefferson Park to the west.The subject property features eight one-bedroom/one-bath units with a total of 8 on-site parking spaces. The property is individually metered for gas and electric and is situated on a 6,098 square foot parcel. Due to its 1960 construction, the property is subject to Los Angeles rent control statutes. Given the property's unique layout and floor plans, 1688 West 24th Street offers an investor the opportunity to acquire an asset in a high demand rental market with realistic value-add potential.
Listing Information
Property Type: Cluster, Other
0.14 Acres 609,700 sq.ft. 5,310 (approx)
$183.62 1960
1 Total
Neighborhood
Room Information
Exterior / Lot Features
8 Parking Spaces
LARD1.5
Driving Directions
Located just east of Normandie and north of Adams Boulevard
Financial Considerations
5054003028
,$34,551
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90007 has a population of 3,804,503.

The median household income in Los Angeles, California 90007 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90007 is 34.1 years.

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Courtesy: Marcus & Millichap Sean Rosenzweig
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Information is deemed reliable but is not guaranteed.

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