717 E 24th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$949,900
717 E 24th Street, Los Angeles, California 90011
0Bed
0Bath
2,750Sqft
6,510Lot
Year Built
1902
Close
-
List price
$950K
Original List price
$1,000K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SB25046827
Home ConditionFair
Features
View-
About this home
Excellent investment opportunity! This triplex on 24th Street in Los Angeles, just minutes from Downtown LA, offers incredible income potential and future development possibilities. Situated in a prime location, this multi-unit property is perfect for investors or owner-occupants looking to maximize rental income. With spacious units and a functional layout, each residence provides comfortable living with ample natural light and character. The property sits on a generous lot, offering potential to expand, add additional units, or redevelop (buyer to verify with the city). Located near major freeways, public transportation, shopping, dining, and entertainment, this triplex is in a high-demand rental area, making it an excellent long-term investment. Don't miss out on this versatile property with room to grow
Nearby schools
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.3mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.4mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.5mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.6mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.8mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.0mi
3/10
Trinity Street Elementary School
Public,•K-5•1.0mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.0mi
2/10
Harmony Elementary School
Public,•K-5•1.1mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.1mi
4/10
Norwood Street Elementary School
Public,•K-5•1.4mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.7mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.7mi
2/10
John W. Mack Elementary School
Public,•K-5•2.0mi
5/10
Menlo Avenue Elementary School
Public,•K-5•2.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•2.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.4mi
4/10
John Adams Middle School
Public,•6-8•0.7mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.0mi
3/10
George Washington Carver Middle School
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•3.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.2mi
5/10
Santee Education Complex
Public,•9-12•0.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.1mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.1mi
4/10
West Adams Preparatory High School
Public,•9-12•2.1mi
3/10
Manual Arts Senior High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
08/18/25
Price Change
$949,900
04/11/25
Listing
$999,900
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,750 | 2,022 | 92% |
| Lot Size | 6,510 | 5,364 | 83% |
| Price | $950K | $710K | 88% |
| Price per square foot | $345 | $346.5 | 50% |
| Built year | 1902 | 9610962 | 13% |
| HOA | |||
| Days on market | 208 | 178 | 58% |
Condition Rating
Fair
Built in 1902, this triplex is an aged property. While the description mentions 'comfortable living' and 'functional layout,' there is no indication of recent extensive renovations. The lack of interior images, particularly of the kitchen and bathrooms, strongly suggests these areas are outdated and would require significant updates or repairs to meet current standards. The exterior appears maintained but consistent with its age. The emphasis on 'investment opportunity' and 'redevelopment possibilities' further implies that the property's value is more in its land and income potential than in the modern condition of its existing units.
Pros & Cons
Pros
Income-Generating Triplex: This property is a triplex, offering significant income potential for investors or owner-occupants looking to maximize rental revenue in a high-demand area.
Prime Downtown LA Proximity: Located just minutes from Downtown LA, the property benefits from a prime location with excellent access to major freeways, public transportation, shopping, dining, and entertainment, ensuring strong tenant demand.
Development & Expansion Potential: Situated on a generous 6,510 sqft lot, the property offers substantial future development possibilities, including expanding, adding units, or redeveloping, providing long-term value appreciation.
Versatile Investment Opportunity: Marketed as suitable for both investors and owner-occupants, this triplex appeals to a broad range of buyers seeking a multi-unit property with growth potential.
Spacious Units with Character: The individual units are described as spacious with a functional layout, ample natural light, and character, making them attractive and comfortable for tenants.
Cons
Historic Property Age: Built in 1902, the property's age suggests potential for outdated systems, deferred maintenance, and the need for significant capital expenditures for modernization or repairs.
Development Verification Required: While offering development potential, the listing explicitly states 'buyer to verify with the city,' indicating that expansion or redevelopment is not pre-approved and may involve complex and costly due diligence.
Recent Price Reduction: The property has undergone a recent price reduction from $999,900 to $949,900, which could suggest initial overpricing or market resistance, potentially impacting perceived value or negotiation leverage.