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$750,000
Est. payment /mo
8 Beds
4 Baths
2,976 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,976 sqft
Price per Sqft $252
MLS Listing ID 26853081
Bedrooms 8
HOA Y/N No
Year Built 1964
Lot Size 5,440 Sqft
Property Description
We are pleased to present 724 E 32nd Street, a four-unit multifamily investment opportunity located in the Historic South Central neighborhood of Los Angeles. The property consists of four spacious 2-bedroom, 1-bathroom units encompassing approximately 2,976 square feet on a 5,441 square foot LARD1.5-zoned lot. Built in 1964, the property offers a desirable unit mix with separately metered utilities and on-site rear parking. The expansive rear parking area provides potential for future ADU development, allowing investors the opportunity to further increase income and maximize the property's value (Buyer to verify all development potential with the appropriate governmental agencies). Currently operating with below-market rents, 724 E 32nd Street presents a compelling value-add opportunity for investors seeking substantial upside through rental repositioning over time. Based on market rental assumptions, the property offers significant potential to increase cash flow while benefiting from long-term appreciation in one of Los Angeles' steadily improving urban submarkets. With a strong four-unit layout, favorable location, development potential, and considerable income upside, 724 E 32nd Street represents an attractive investment opportunity for both seasoned and first-time multifamily investors.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5120024004
Special Listing Condition Standard
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Listed by Stephen F. Watson Keller Williams Los Angeles #01187813
Nearby Locations
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