1213 W 24th St Los Angeles, CA 90007
University Park NeighborhoodEstimated payment $13,542/month
Highlights
- Laundry Room
- Front Yard
- 1-Story Property
About This Home
The Best Location Location Location for Value-add USC off Campus Ten (10) bedroom + Ten (10) bathroom Student Housing investment opportunity, located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students Combined with parental guarantees on leases. The property is currently master leased to a reputable Property Management company until July 31, 2026. Managing Company is Currently collecting gross rents of around $15,170/month. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LAR4, more potential. The subject property is composed of two (2) separate buildings, with two (2) 3-bedroom + 3-bathroom units in the front - 1213 - 1215 W. 24th St, and a 4-bedroom + 4-bathroom brand-new ADU in the back - 1213 1/2 W 24th St. The property's front unit was updated and remodeled in 2021, and features brand new flooring, brand new plumbing/electrical, updated roof, quartz countertops, stainless steel kitchen appliances, new bath rooms, tiled showers with glass enclosures, and new in-unit washer & dryers. The back unit is a brand-new ADU recently constructed and completed in 2021 and features the same high-end finishes as the front unit, essentially delivering a brand new low maintenance properties to any buyer. The investment boasts spacious floor plans, secured gated entry, and on-site laundry. The property is approximately 3167 s.f., 5873 s.f. lot. This property has charming turn of the century details that you will adore. The asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. Don't miss!
Listing Agent
IRN Realty Brokerage Phone: 626-215-5788 License #01426061 Listed on: 07/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,620
Year Built
- Built in 1956
Lot Details
- 5,873 Sq Ft Lot
- 1 Common Wall
- Front Yard
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,167 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 3 / 8
- Tax Tract Number 221
- Assessor Parcel Number 5055017002
- $414 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,000
- Operating Expense $5,000
- Gross Income $182,040
- Net Operating Income $177,040
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,620 | $1,888,326 | $1,352,520 | $535,806 |
| 2024 | $22,620 | $1,851,300 | $1,326,000 | $525,300 |
| 2023 | $10,397 | $832,320 | $624,240 | $208,080 |
| 2022 | $9,923 | $816,000 | $612,000 | $204,000 |
| 2021 | $9,795 | $800,000 | $600,000 | $200,000 |
| 2020 | $2,441 | $177,782 | $74,830 | $102,952 |
| 2019 | $2,356 | $174,297 | $73,363 | $100,934 |
| 2018 | $2,224 | $170,880 | $71,925 | $98,955 |
| 2016 | $2,107 | $164,246 | $69,133 | $95,113 |
| 2015 | $2,078 | $161,780 | $68,095 | $93,685 |
| 2014 | $2,098 | $158,612 | $66,762 | $91,850 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/15/2025 07/15/25 | For Sale | $2,190,000 | +20.7% | $692 / Sq Ft | |
| 04/20/2023 04/20/23 | Sold | $1,815,000 | -6.9% | $573 / Sq Ft | View Prior Sale |
| 04/17/2023 04/17/23 | Pending | -- | -- | -- | |
| 03/05/2023 03/05/23 | For Sale | $1,950,000 | +143.8% | $616 / Sq Ft | |
| 12/17/2020 12/17/20 | Sold | $800,000 | -4.8% | $380 / Sq Ft | View Prior Sale |
| 11/10/2020 11/10/20 | Pending | -- | -- | -- | |
| 10/18/2020 10/18/20 | For Sale | $840,000 | -- | $399 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $181,500,000 | Old Republic Title Company | |
| Grant Deed | $800,000 | Stewart Title Of California In | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $897,690 | Construction |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25158175
APN: 5055-017-002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 1220 W 25th St
- 1208 W 25th St
- 1257 W Adams Blvd
- 1241 W 22nd St
- 1420 W 22nd St
- 2623 Ellendale Place
- 2119 S Union Ave
- 2666 Orchard Ave
- 1016 W 24th St
- 2107 S Union Ave
- 1445 W 20th St
- 1934 New England St
- 1038 W 21st St
- 1519 W 22nd Place
- 1220 W 27th St
- 1016 W 21st St
- 2109 Toberman St
- 1470 W Adams Blvd
- 1805 S New England St
- 1826 S Bonnie Brae St Unit 3/4
- 1219 W 25th St
- 1219 W 25th St
- 1155 W 24th St
- 1220 W 25th St Unit 1/2
- 1147 W 24th St
- 1383 W 23rd St
- 1301 W 22nd St
- 2134 Magnolia Ave Unit 1
- 1289 W 22nd St
- 1223 W 23rd St
- 1315 W 24th St Unit 1315
- 1204 W Adams Blvd
- 2605-2611 Orchard Ave
- 1248 W Adams Blvd
- 1286 W Adams Blvd
- 2621 S Magnolia Ave
- 1354 W 24th St Unit 1356
- 2642 Ellendale Place Unit 204
- 1370 W 24th St Unit 1370
- 2623 Ellendale Place Unit A