1431 W 24th St Single-Family Houses, CA

W Th St, Los Angeles, Home For Sale

Price: 1950000
Address: 1431 W 24th St
City: Los Angeles
State: CA
Zip:
Provided By: RealtyWW

Description:

ATTENTION INVESTORS: Looking for a well performing turn-key property within the USC DPS Zone? This well-maintained quadruplex, located just a mile from USC Village, offers excellent access to USC transportation, the Metro Expo Line, freeways, and city transportation. Currently generating $145, 844 in rental income with low expenses, this property boasts a solid 5.59% cap rate. As we approach the peak student rental season, current vacancies are expected to be filled, potentially increasing the annual rental income by up to $52, 800. The building consists of four remodeled and updated units, each approximately 1, 100 square feet. With two units downstairs and two upstairs, every unit features 4 bedrooms and 2 bathrooms, totaling 16 bedrooms and 8 bathrooms. Modern amenities include tankless water heaters, central AC and heat, laundry machines, fully equipped kitchens, and furnished common spaces. Each unit is separately metered for gas and electricity.

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