Homes for sale - 622 E 24th ST, Los Angeles, CA 90011

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,232 sqft

Price per Sqft $608

MLS Listing ID DW24194100

HOA Y/N No

Year Built 1890

Lot Size 4,578 Sqft

Acres 0.1051

Property Description

LOCATION! This exceptional property is situated in a prime location in Los Angeles, just a stone’s throw away from the University of Southern California (USC), Exposition Park, and various renowned museums. The proximity to downtown Los Angeles enhances its appeal, making it an ideal investment opportunity for those seeking to capitalize on the vibrant urban lifestyle and cultural offerings of the area. The neighborhood boasts excellent accessibility to public transportation, shopping centers, dining options, and recreational facilities.

The property consists of two units, each with distinct characteristics that cater to different living arrangements or investment strategies, for the front unit features three bedrooms and one bathroom. It is designed to accommodate larger families or groups looking for more space. This unit will be delivered vacant at the close of escrow, providing immediate flexibility for new owners, Section 8 pays for a 3 Bed $3,915, on title front unit shows like a 2 Bed/1 Bath, the second unit comprises two bedrooms and one bathroom, tenant pays $1,300 - section 8 Pays $3,052, It offers a cozy living environment suitable for smaller families or individuals seeking a comfortable home near USC and downtown Los Angeles. Both units are titled separately, allowing for various ownership possibilities such as live-in arrangements or rental opportunities.
While both unit requires some exterior work, it presents an excellent opportunity for buyers to enhance its curb appeal and overall value. The current tenants have resided in the rear unit for over 20 years and have demonstrated kindness by maintaining the interior of their home. Their long-term presence indicates stability within the property, which can be appealing to prospective buyers who value tenant reliability, the exterior work needed can be viewed as an opportunity for improvement rather than a drawback; it allows new owners to customize the property according to their vision while potentially increasing its market value. Professional photos coming soon.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD2

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Street Lights,Suburban,Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5127009007

Acceptable Financing Cash,Conventional,1031 Exchange,FHA 203(k),FHA,VA Loan

Listing Terms Cash,Conventional,1031 Exchange,FHA 203(k),FHA,VA Loan

Special Listing Condition Standard