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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$725,000

Est. payment - /mo

8 Beds

4 Baths

2,976 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,976 sqft

Price per Sqft $243

MLS Listing ID 26853081

Bedrooms 8

HOA Y/N No

Year Built 1964

Lot Size 5,440 Sqft

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 C42 - Downtown L.A.

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5120024004

Special Listing Condition Standard

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Listed by Stephen F. Watson Keller Williams Los Angeles #01187813

Nearby School & Business

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Sean Beattie Jr.

+1(415) 845-8732

Agent CA DRE# 01944311

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724 E 32nd ST Los Angeles, CA 90011

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information