7-Unit Apartment
For Sale
Contact for pricing
1240 West 24th Street, Los Angeles, CA 90007
Student-oriented multifamily property with separately metered gas and electricity and on-site tenant parking.
Property SizeContact for details
Days on Market146
Property Features for 1240 West 24th Street
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/2BA, 5 x 2BR/1BA
Multifamily Units
7
Building Details
Year Built
1923
Buildings
1
Construction
stucco and wood-frame
Listing Agency:
Coldwell Banker Residential Brokerage Glendale
Listed By:
Bo Kim · License #01968218
(213) 802-0325
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 10:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Residential Brokerage Glendale
Investment Insights
Based on property information with market context.
This seven-unit apartment property was built in 1923 with stucco and wood-frame construction. The layout includes one four-bedroom, two-bathroom unit; one three-bedroom, two-bathroom unit; and five two-bedroom, one-bathroom units. Five on-site parking spaces serve tenants.
Gas and electricity are individually metered, while water is master-metered. The property is adjacent to USC, and most occupants are USC students. Lease terms generally align with school semesters, creating regular turnover within the existing student-oriented rental pattern. The building is within the USC Patrol Zone and offers access to freeways and Downtown Los Angeles.
Gas and electricity are individually metered, while water is master-metered. The property is adjacent to USC, and most occupants are USC students. Lease terms generally align with school semesters, creating regular turnover within the existing student-oriented rental pattern. The building is within the USC Patrol Zone and offers access to freeways and Downtown Los Angeles.
Key Highlights
- Seven‑unit apartment building built in 1923
- Unit mix: 1 four‑bedroom, 2‑bathroom; 1 three‑bedroom, 2‑bathroom; and 5 two‑bedroom, 1‑bathroom units
- Five on‑site tenant parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Student-oriented multifamily property with separately metered gas and electricity and on-site tenant parking.
Where is this apartment building located?
The property is located at 1240 West 24th Street Los Angeles, CA.
What are key features of this property?
This property features: Seven‑unit apartment building built in 1923; Unit mix: 1 four‑bedroom, 2‑bathroom; 1 three‑bedroom, 2‑bathroom; and 5 two‑bedroom, 1‑bathroom units; Five on‑site tenant parking spaces
