Modern Three-Story
1840 W 24th, Los Angeles, CA 90018
For Sale
New
$2,900,000
Pending
Vacant at delivery, the property has separately metered gas and electric service and contemporary residential finishes.
Property Size7,605 SF
Days on Market2
Property Features for 1840 W 24th
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Multifamily Units
Individually Metered Utilities
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Keller Williams Palos Verdes Realty
Listed By:
Lloyd Yang · License #01975976
(310) 308-3635
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 2:32PM
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 Keller Williams Palos Verdes Realty
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Investment Insights
Based on property information with market context.
Built in 2021, this triplex comprises a three-story front residence with 9 bedrooms and a rear duplex with three-story units. Interiors feature open kitchens with quartz counters and stainless appliances, gas ranges, central air and heat, tankless water heaters, and luxury vinyl plank flooring. Fresh paint and flooring work is underway. Gas and electric service are separately metered across the property.
An attached 2-car garage has its own mini-split system, and a private walkway provides access to the rear units. The property is near USC, Expo Park, Metro, and Downtown LA. Walk Score is 85, Bike Score is 75, and Transit Score is 64.
An attached 2-car garage has its own mini-split system, and a private walkway provides access to the rear units. The property is near USC, Expo Park, Metro, and Downtown LA. Walk Score is 85, Bike Score is 75, and Transit Score is 64.
Key Highlights
- 2021 construction
- Three‑story front residence with 9 bedrooms, plus a rear duplex with three‑story units
- Central air and heat, tankless water heaters, and kitchens with quartz counters and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,811
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,656,220
$2.7M
Cap Rate 7%
$1,897,300
$1.9M
Cap Rate 9%
$1,475,678
$1.5M
Market Conditions
NOI Build-Up for 7,605 SF
Gross rent
$205.3K $27.00/SF
− Vacancy
−$15.6K −$2.05/SF
EGI
$189.7K $24.95/SF
− OpEx
−$56.9K −$7.48/SF
NOI
$132.8K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,656,220
Cap Rate 7%
$1,897,300
Cap Rate 9%
$1,475,678
Alternative Uses
Best Use
Multifamily LT 5
$1.90M
$1.66M – $2.21M
NOI $132,811 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,371 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$3.18M
$2.78M – $3.70M
NOI $222,263 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
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Business Placement
Demographics for 90018, CA
50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Los Angeles, CA
Properties on Market for Triplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant at delivery, the property has separately metered gas and electric service and contemporary residential finishes.
Where is this triplex located?
The property is located at 1840 W 24th Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 2021 construction; Three‑story front residence with 9 bedrooms, plus a rear duplex with three‑story units; Central air and heat, tankless water heaters, and kitchens with quartz counters and stainless appliances
