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$1,750,000

Beds
16
sq ft
4,858

836 E 24th St, Los Angeles, CA 90011

836 E 24th St

Los Angeles, CA 90011

  • 269 days on market
    • Price drop $50,000↓
I am 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. The property was built in 1960 and has 8 on site parking spaces. 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.

Details

Property type

Est. home value

$1,508,996

Lot size

6,251 sq ft

Price per sq ft

$361

Year built

1960

HOA

No

Price History

03/14/2024
CLAW

CLAW #23318059

Price change
$1,750,000
-2.78%
01/17/2024
CLAW

CLAW #23318059

Listed
$1,800,000

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Finance Holding Company Llc

Loan start date

February 2024

Original loan amount

$1,200,000

Est. remaining balance

Not provided

Interest rate

6.67%

Loan type

Not Provided

Seller

Mcp Hills Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:30 AM

Listing updated: 05/15/2024 at 2:48 PM

Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500

MLS: CLAW #23318059

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