This well-maintained quadruplex features three occupied units, each generating $1,300/month, with a 4% rent increase coming in February 2025. Unit 1 is vacant, recently renovated with a kitchen, fridge, AC upgrade, and 7 parking spots in total. The other units have long-term tenants and reliable income. The property recently passed a city inspection, with all issues addressed. Each 650 sq. ft.(Approx) unit has the same spacious layout. Tenants pay for all utilities except water. All four water heaters have been replaced in the last two years. Dedicated parking for each unit. Great investment potential!
Property Details
Property Features
Property Information:
Year Built: 1962
Stories: 2
Listing Office:
Office Name: The Oppenheim Group
Office Email: Reza@ogroup.com
Listing Agent: Reza Shirangi
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
School Info
Assigned Schools Information:
West Adams Preparatory High School, Public District Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Johnnie Cochran, Jr., Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Twenty-Fourth Street Elementary School, Public District Grades KG-5
Birdielee V. Bright Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Other
Directions Information:
Directions: Normandie Ave and Western Street
Price Information
Listing Price Info
Price Summary:
List Price: $975,000
Tax Information:
Annual Amount: $11,221
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $37.4K less than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24219789
Listing Office:
Office Name: The Oppenheim Group
Office Email: Reza@ogroup.com
Listing Agent: Reza Shirangi
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 10/27/2024, 12:55:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 08, 2018
May 08, 2018Home Sold
$870,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$11,221
$914,524
2020
$10,891
$905,148
2019
$7,299
$887,400
2018
$7,146
$586,055
2017
$7,146
$574,564
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,934
Per Month
Principal & Interest
$4,867
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,990
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Twenty-Fourth Street Elementary School
2055 W 24th St
Distance between this listing and this school0.33 miles
Public District Grades KG-5
7
/10
Birdielee V. Bright Elementary School
1771 W 36th St
Distance between this listing and this school0.88 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.13 miles
Public Magnet Grades KG-6
Middle School
3
/10
Johnnie Cochran, Jr., Middle School
4066 West Johnnie Cochran Vist
Distance between this listing and this school1.36 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.21 miles
Public District Grades 6-8
High School
3
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.95 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.33 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school15.62 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Twenty-Fourth Street Elementary School
2055 W 24th St
Distance between this listing and this school0.33 miles
Public District Grades KG-5
7
/10
Birdielee V. Bright Elementary School
1771 W 36th St
Distance between this listing and this school0.88 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.13 miles
Public Magnet Grades KG-6
Assigned Schools
3
/10
Johnnie Cochran, Jr., Middle School
4066 West Johnnie Cochran Vist
Distance between this listing and this school1.36 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.21 miles
Public District Grades 6-8
Nearby Schools
6
/10
Mid-City's Prescott School of Enriched Sciences
3150 W Adams Blvd
Distance between this listing and this school0.78 miles
Public Magnet Grades KG-8
Assigned Schools
3
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.95 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.33 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school15.62 miles
The neighbors living near this home have an average income of $24,521. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.
This home is located at 1857 W 24th St in Los Angeles, CA and zip code 90018 in the South LA neighborhood. This home, which was built in 1962, sits on a 0.15 acre lot. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $975,000.
Los Angeles, CA housing market in September 2024 saw over 532 listings sold above listed price, more than 180 sold at listed price and over 619 sold below. The number of homes for sale in Los Angeles, CA increased by 10.6% between August 2024 and September 2024. Listings spent 36 days on the market in September 2024, and had a median list price of $1,012,476 during the same period.
From Rocket Homes Real Estate and based on county public records data.