Trojan Coop | 1431 W 24th St
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Trojan Coop 1431 W 24th St
4 Unit Apartment Building $1,795,000 ($448,750/Unit) 7.59% Cap Rate Los Angeles, CA 90007
Investment Highlights
- 16 Bd/8 Ba Quadruplex - 1 mile from USC Village
- Current CAP 7.59% | Pro-forma CAP 8.33%
- Generating Excellent Income
Executive Summary
Turn-key property is a well-maintained quadruplex, located just a mile from USC Village, offers excellent access to USC transportation, the Metro Expo Line, freeways, and city transportation.The building consists of four remodeled, furnished and updated units, each 1,080 square feet. With two units downstairs and two upstairs, every unit features 4 bedrooms and 2 bathrooms, totaling 16 bedrooms and 8 bathrooms. Modern amenities include tankless water heaters, central AC and heat, laundry machines, fully equipped kitchens, and furnished common spaces. Each unit is separately metered for gas and electricity. Bedrooms in 3 units are currently rented to students and are equipped with a bed, desk, and mini-fridge. One unit is occupied by a family on a 9 month lease ending in July 2025. Don't miss out on this prime investment opportunity! Property is registered as a Mills Act building and could potentially offer tax savings to a buyer. Please call for more information or a tour.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Instant Hot Water
- Porch
Site Amenities
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 4 | $3,500 | 1,080 |
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Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5054-025-017 | Total Assessment | $752,000 (2024) |
| Land Assessment | $451,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $301,000 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5054-025-017
Land Assessment
$451,000 (2024)
Improvements Assessment
$301,000 (2024)
Total Assessment
$752,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | LARD2 (Property is zoned RD2-1-HPOZ and is under the City of L.A. RSO. Property is qualified and registered under the Mills Act.) |
| LARD2 (Property is zoned RD2-1-HPOZ and is under the City of L.A. RSO. Property is qualified and registered under the Mills Act.) |
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Trojan Coop | 1431 W 24th St
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