717 E 24th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$900,000
717 E 24th Street, Los Angeles, California 90011
7Beds
4Baths
2,603Sqft
6,510Lot
Year Built
1902
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SB25202516
Home ConditionPoor
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
09/12/25
Listing
$900,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 7 | 0 | 16% |
| Baths | 4 | 0 | 20% |
| Square foot | 2,603 | 1,988 | 92% |
| Lot Size | 6,510 | 5,364 | 84% |
| Price | $900K | $710K | 88% |
| Price per square foot | $346 | $348 | 48% |
| Built year | 1902 | 1922 | 12% |
| HOA | |||
| Days on market | 54 | 167 | 8% |
Condition Rating
Poor
The property was built in 1902, making it over 120 years old. While the exterior appears maintained, there are no interior images provided, particularly of the kitchen and bathrooms. For a property of this age, without any mention of recent extensive renovations, it is highly probable that the interior, especially the kitchen and bathrooms, are significantly outdated and require substantial repairs and rehabilitation to meet current standards and appeal. The listing's emphasis on 'investment opportunity' and 'future development possibilities' further suggests that the property's current condition is not its primary selling point for immediate modern living, but rather its potential after significant upgrades.
Pros & Cons
Pros
Income Potential: As a triplex in a high-demand rental area, this property offers excellent income potential for investors or owner-occupants looking to maximize rental revenue.
Prime Downtown LA Location: Situated in the heart of Downtown LA, the property benefits from proximity to major freeways, public transportation, shopping, dining, and entertainment, making it highly attractive to renters.
Development & Expansion Potential: The generous lot size and 'future development possibilities' allow for potential expansion, adding additional units, or complete redevelopment, offering significant long-term value.
Multi-Unit Configuration: The triplex setup provides multiple income streams and flexibility, appealing to a broad range of investors seeking diversified rental income.
Spacious Units with Character: Each residence features spacious units with a functional layout, ample natural light, and character, contributing to comfortable living for tenants.
Cons
Age of Property: Built in 1902, the property is over a century old, which may imply significant deferred maintenance, outdated systems, or the need for substantial renovations to meet modern standards.
Potential for High Renovation Costs: Given its age and the mention of 'development possibilities,' the property likely requires considerable investment for upgrades, repairs, or modernization, which could impact immediate returns.
Limited View: The property offers a 'Neighborhood' view, which, while present, does not provide premium vistas (e.g., city skyline, ocean) that could command higher rental rates or property value in a prime Los Angeles location.