1827 W 24TH Street, Los Angeles, CA 90018

About this property

1827 W 24th St is a 4-Unit, Turnkey investment property located in West Adams. Extensive renovations in 2017 include new sewer line, roof, and electric panel, foundation upgrade and 3 of 4 Unit interiors fully remodeled. The balanced Unit Mix consists of two 1+1, one 2+1 and one 3+2. Property features gated parking, 3 garage/flex spaces, GE appliances, in-unit washer/dryers, mature landscaping, fenced yard and DTLA views from the balcony. This stabilized investment property is listed at a 14.4 GRM and true 4.9% CAP rate with 10% upside in rents once the 4th unit is brought to market rent. The property is located in a quickly gentrifying neighborhood and is close to the 10 Freeway, USC and Expo Line. As a stabilized asset, with future upside and value growth, this a perfect 1031 exchange property.

Listing description from the March 2020 sale, as reported to CRMLS.

Sale history

$1,400,000

Sold March 2020 · listed $1,500,000, on market January 2020 · MLS #20543344 · Source: CRMLS

Listing Agent: Nicholas Fichera · Listing Office: Figure 8 Realty · Contact: 213-537-0114 · Bought with: Edward Faktorovich · Figure 8 Realty

$650,000

Sold October 2016 · listed $690,000, orig. $700,000, on market August 2016 · MLS #IG16175649 · Source: CRMLS

Listing Agent: Sofia Chacon · Listing Office: Keller Williams Realty · Contact: 951-271-3000 · Bought with: Nicholas Fichera · Figure 8 Realty

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