1325-W. 24th Street, Los Angeles, CA 90007
Local realty services provided by:ERA North Orange County Real Estate
1325-W. 24th Street,Los Angeles, CA 90007
$1,550,000
- 11 Beds
- 11 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: kirk garabedian
Office: keller williams r. e. services
MLS#:GD26236143
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,550,000
About this home
We are pleased to present 13251327 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 income of $12,650, or $151,800 annually. The pro forma assumes rental income averaging $1,150 per bedroom per month, a 2% vacancy allowance, and estimated annual operating expenses of $47,480, resulting in projected Net Operating Income of $101,284. Situated in the established University Park neighborhood, the p...
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Home facts
- Listing ID #:GD26236143
- Added:6 day(s) ago
- Updated:November 11, 2026 at 03:46 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:11
Structure and exterior
- Levels:1 Story
Finances and disclosures
- Price:$1,550,000
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