4-Unit Bungalow
610 E 24th St, Los Angeles, CA 90011
For Sale
$899,000
Residential Income, Bungalow, Los Angeles, CA
Property Size4,048 SF
Lot Size0.22 Acres
Price / SF$222.08
Days on Market51
Property Features for 610 E 24th St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Cooling system
Amenities
covered front porch
fenced yard
bay window
Building Details
Year built
Floors in Building
Number of units
Architectural style
Buildings
Listing Agency:
Compass
(310) 230-5478
Listed By:
Max Berger · License CA #02054048
(818) 321-4972
Added: Sep 25
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 26992987
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1910, this four-unit property comprises three buildings with a combined 4,048 square feet. The unit mix includes two 4-bedroom, 2-bath residences and two 2-bedroom, 1-bath units. The site measures 9,644 square feet, or 0.2214 acres, and features a central parking area. Window-unit cooling is present, and zoning is LARD2.
The property is at 610 E 24th St in Los Angeles. USC is approximately 1.5 miles away, the Fashion District is about 1.4 miles away, and Exposition Park is roughly 1.7 miles away. The parcel is gated, with covered parking. Projected rents are approximately 53% above current gross rents, according to the rent figures provided.
The property is at 610 E 24th St in Los Angeles. USC is approximately 1.5 miles away, the Fashion District is about 1.4 miles away, and Exposition Park is roughly 1.7 miles away. The parcel is gated, with covered parking. Projected rents are approximately 53% above current gross rents, according to the rent figures provided.
Key Highlights
- Four units across three separate buildings
- 4,048 square feet on a 9,644‑square‑foot corner lot
- Mix of two 4‑bedroom, 2‑bath units and two 2‑bedroom, 1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,693
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,413,860
$1.4M
Cap Rate 7%
$1,009,900
$1.0M
Cap Rate 9%
$785,478
$785.5K
Market Conditions
NOI Build-Up for 4,048 SF
Gross rent
$109.3K $27.00/SF
− Vacancy
−$8.3K −$2.05/SF
EGI
$101.0K $24.95/SF
− OpEx
−$30.3K −$7.48/SF
NOI
$70.7K $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%
$1,413,860
Cap Rate 7%
$1,009,900
Cap Rate 9%
$785,478
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.7K – $1.18M
NOI $70,693 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$930.5K
$814.2K – $1.09M
NOI $65,136 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,451 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,453
Businesses Nearby
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Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences occupy three buildings, with gated, covered parking on a corner parcel.
Where is this quadplex located?
The property is located at 610 E 24th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four units across three separate buildings; 4,048 square feet on a 9,644‑square‑foot corner lot; Mix of two 4‑bedroom, 2‑bath units and two 2‑bedroom, 1‑bath units
