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Multifamily

836 E 24th Street, 90011

836 E 24th St, Los Angeles, CA 90011

Listing Price: $1,750,000

Cap Rate
6.00%
Number of Units
8
GRM
10.53
Price/Unit
$218,750
Price/Gross SF
$360.23
Gross SF
4,858

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an eight-unit apartment community located at 836 East 24th Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market.

South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures
intermingle, creating a rich mosaic of traditions and experiences. South LA’s strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options.

Situated on a 6,251 square foot parcel, the property comprises entirely of two-bedroom units. One of the units will be delivered vacant allowing new ownership to immediately renovate and achieve a market rental rate. Select units have been renovated with laminate flooring, new bathroom & kitchen appliances, new cabinets and more.

The continued gentrification of the surrounding area along with the remaining value-add potential for a new owner to renovate vacant units and achieve superior future returns moving forward makes 836 East 24th Street an excellent acquisition opportunity.

Investment Highlights

  • One Unit will be Delivered Vacant, Allowing New Ownership to Immediately Renovate in Order to Achieve a Market Rental Rate
  • Select Units have been Upgraded with Laminate Flooring, New Bathroom & Kitchen Appliances, New Cabinets & More
  • The Property Comprises Entirely of Two-Bedroom/One- Bathroom Units
  • Located 0.6 Miles from the San Pedro Street Metro Station – Residents Benefit from Easy Access Across the City
  • Property is Located in Dense Pocket of The Historic South Central District. With a Walk Score of 84 'Very Walkable' – Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment in Downtown Los Angeles & South Central

Exclusively Listed By

Financing By

Multifamily

836 E 24th Street, 90011

Listing Price: $1,750,000

Cap Rate
6.00%
Number of Units
8
GRM
10.53
Price/Unit
$218,750
Price/Gross SF
$360.23
Gross SF
4,858

Investment Highlights

  • One Unit will be Delivered Vacant, Allowing New Ownership to Immediately Renovate in Order to Achieve a Market Rental Rate
  • Select Units have been Upgraded with Laminate Flooring, New Bathroom & Kitchen Appliances, New Cabinets & More
  • The Property Comprises Entirely of Two-Bedroom/One- Bathroom Units
  • Located 0.6 Miles from the San Pedro Street Metro Station – Residents Benefit from Easy Access Across the City
  • Property is Located in Dense Pocket of The Historic South Central District. With a Walk Score of 84 'Very Walkable' – Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment in Downtown Los Angeles & South Central

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an eight-unit apartment community located at 836 East 24th Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA’s strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 6,251 square foot parcel, the property comprises entirely of two-bedroom units. One of the units will be delivered vacant allowing new ownership to immediately renovate and achieve a market rental rate. Select units have been renovated with laminate flooring, new bathroom & kitchen appliances, new cabinets and more. The continued gentrification of the surrounding area along with the remaining value-add potential for a new owner to renovate vacant units and achieve superior future returns moving forward makes 836 East 24th Street an excellent acquisition opportunity.

Exclusively Listed By

Financing By

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