610 E 24th St is a 4-unit property in Historic South Central, offered at $990,000. That works out to $247,500 per unit and $245 per SF on a 9,644 SF corner lot. Built in 1910, the property includes three separate buildings totaling approx. 4,048 SF.
The unit mix is two 4 bedroom, 2 bath residences and two 2 bedroom, 1 bath units. These floor plans are larger than what is usually found in a fourplex. The front residence has a Craftsman influenced design with gabled rooflines, exposed eaves, a covered front porch, a bay window and a fenced yard.
The additional buildings sit toward the rear of the property, which creates more separation between the units. A large gated parking area provides 7 uncovered spaces for residents.
Current gross rents total $6,730 per month, compared with projected rents of $10,300 per month. That’s approx. 53% rental upside.
| Unit Type | Units | Avg. Current Rent | Projected Rent |
|---|---|---|---|
| 4 Bed, 2 Bath | 2 | $2,174 | $3,150 |
| 2 Bed, 1 Bath | 2 | $1,192 | $2,000 |
Located just north of E Adams Blvd, the property is approx. 1.5 miles from USC, 1.4 miles from the LA Fashion District, and 1.7 miles from Exposition Park.
101 N Kenmore Ave brings together Spanish-style character, a gated courtyard entry, current income, completed system work, and approx. 25% rental upside in a central Los Angeles location.
At $195,000 per unit and $203 per SF, the property gives buyers a practical price point in Melrose Hill with a clear improvement plan already in place. The appeal is simple: existing income, building character, completed system work, and room to improve rents in a location that continues to connect tenants to several established parts of Central LA.
4 Units
$247,500
4,048 SF
$245
9,644 SF
1910
5.71%
12.25
LARD2
Whether you are thinking about selling now or simply exploring possibilities, we are happy to review your property, discuss current value, and share perspective on how the market is treating assets like yours today.
