717 E 24th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$949,900
717 E 24th Street, Los Angeles, California 90011
6Beds
3Baths
2,603Sqft
6,510Lot
Year Built
1902
Close
-
List price
$950K
Original List price
$1,000K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SB25067957
Home ConditionFair
Features
ViewNeighborhood
About this home
Excellent investment opportunity! This triplex on 24th Street in Los Angeles, in the heart of 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 or even expand living space. 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. 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
03/28/25
Listing
$999,900
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 6 | 0 | 13% |
| Baths | 3 | 0 | 8% |
| Square foot | 2,603 | 2,022 | 92% |
| Lot Size | 6,510 | 5,364 | 83% |
| Price | $950K | $710K | 88% |
| Price per square foot | $365 | $348.5 | 58% |
| Built year | 1902 | 9610962 | 13% |
| HOA | |||
| Days on market | 221 | 177 | 63% |
Condition Rating
Fair
Built in 1902, this triplex is over 120 years old. While the exterior appears maintained with a fresh coat of paint and a secure fence, there are no interior images provided. The absence of interior photos, especially of kitchens and bathrooms, strongly suggests these areas are significantly outdated and would require substantial renovation to meet modern standards. The description emphasizes 'investment opportunity,' 'income potential,' and 'future development possibilities,' rather than highlighting modern amenities or recent renovations. Although the listing mentions 'comfortable living with ample natural light and character' and a 'functional layout,' this implies basic habitability rather than contemporary quality. Given its age and the lack of evidence of recent major renovations, the property likely has functional but outdated systems and finishes, fitting the 'Fair' category which indicates it 'requires minor updates or repairs' and that 'major components are functional but show signs of being outdated.'
Pros & Cons
Pros
High Income Potential: As a triplex in a high-demand rental area of Downtown Los Angeles, this property offers significant and immediate income generation opportunities for investors.
Prime Downtown LA Location: Situated in the heart of Downtown LA, the property benefits from excellent proximity to major freeways, public transportation, shopping, dining, and entertainment, ensuring strong tenant demand.
Significant Development Potential: The generous 6,510 sqft lot provides ample space for future expansion, adding additional units, or complete redevelopment, offering long-term value appreciation.
Versatile Investment Opportunity: The property's multi-unit configuration makes it attractive to both pure investors seeking rental income and owner-occupants looking to offset their mortgage with rental income.
Spacious Units with Character: Each residence within the triplex offers spacious layouts with ample natural light and inherent character, enhancing tenant appeal and retention.
Cons
Advanced Age of Property: Built in 1902, the property's age suggests that major systems (plumbing, electrical, HVAC) and finishes may be original or outdated, likely requiring significant modernization.
Potential for Capital Expenditures: Given its age, the property will likely require substantial capital investment for renovations, deferred maintenance, and bringing units up to modern rental standards to maximize income and appeal.
Recent Price Reduction: The property has undergone a price reduction from $999,900 to $949,900, which could indicate initial overpricing or market resistance, potentially raising questions for prospective buyers.