$1,545,000
1431 W 24th St
Details
APN 5054-025-017
Property Type Multifamily
Sub Type Student Housing, Single Family Rental Portfolio
Square Footage 4,320
Units 4
Beds 16
Cap Rate 7.78%
NOI $120,157
Occupancy 95%
Tenancy Multi
Pro-Forma Cap Rate 8.5%
Pro-Forma NOI $131,336
Price per SqFt $358
Class B
Year Built 1913
Year Renovated 2016
Buildings 1
Stories 2
Acreage 0.075
Zoning LARD2
Parking Spaces 0 spaces
Investment Type Stabilized
Income Property Near USC
Marketing description
Savvy investors, don't miss this turnkey property with 7.8 cap 10.5 GRM performance. This historic Quadruplex is located a mile from USC Village, and has great access to USC transportation, the Metro Expo Line, freeways and City transportation. The units are attached with two downstairs and two upstairs, and each is about 1100 SF. Units have all been remodeled and updated and have 4 bedrooms and 2 baths for a total of 16 bedrooms and 8 baths. The units have tankless water heaters, central AC/heat, laundry machines, fully equipped kitchens and furnished common spaces. Each unit is separately metered for gas and electricity. Furnished bedrooms are rented primarily to students with furnished living rooms and well-appointed kitchens.
Investment highlights
- Savvy investors, don't miss this turnkey property with 7.8 cap 10.5 GRM performance
- This historic Quadruplex is located a mile from USC Village, and has great access to USC transportation, the Metro Expo Line, freeways and City transportation
- The units are attached with two downstairs and two upstairs, and each is about 1100 SF
- Units have all been remodeled and updated and have 4 bedrooms and 2 baths for a total of 16 bedrooms and 8 baths
- The units have tankless water heaters, central AC/heat, laundry machines, fully equipped kitchens and furnished common spaces
- Each unit is separately metered for gas and electricity
- Furnished bedrooms are rented primarily to students with furnished living rooms and well-appointed kitchens
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,157.00
$10,013.08/mo
Valuation Metrics
0
DSCR
7.78%
Cap Rate
7.78%
ROI
Map
Zoning
RD2-1-HPOZ OverlayRestricted Density Multiple Dwelling Historic Preservation Overlay Zone
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View all 674 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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