724 E 32nd St, Los Angeles, CA 90011
724 E 32nd St, Los Angeles, CA 90011
724 E 32nd St, Los Angeles, CA 90011
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John Matukas

John Matukas

+1(323) 377-4961
$750,000
Est. payment /mo
8 Beds
4 Baths
2,976 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,976 sqft

Price per Sqft $252

MLS Listing ID 26853081

Bedrooms 8

Year Built 1964

Lot Size 5,441 Sqft

Acres 0.1249

Property Sub-Type Multi-Family

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 Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features None

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Los Angeles

NEARBY SCHOOL & BUSINESS

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John Matukas

John Matukas

+1(323) 377-4961

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