Active

724 E 32nd Street

Los Angeles, CA 90011
Mark as Favorite
Bed 8

Bed

Bath 0

Bath

SqFt2,976

Sqft

SqFt5,441

Sqft(Lot)

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.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $750,000

AD Id : 86614926

MLS Id : 26853081

Beds : 8

Lot Size : 5,441 Sqft

Living Area Size : 2,976

Year Built : 1964

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 4
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace Cooling: None

  • Building Information

    Year Built: 1964
    Building Area Total: 2976
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 5441 Lot Size Acres: 0.1249 Lot Size Square Feet: 5,441

  • Listing Price Information

    Listing Price: $750000

  • Tax Information

    Parcel Number: 5120024004

  • Location Information

    Direction: Take the 110 and get off at Figueroa Way. Make a turn due East on Adams Blvd. Make a turn due South on San Pedro St. Make a turn due East on 32nd St.
Sell a home like this and save $44,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1554 E 24th Street, Los Angeles, CA, 90011 $499,900 2 1 650 650 SqFt
1655 E 42nd Street, Los Angeles, CA, 90011 $695,000 2 1 1,196 1,196 SqFt
1646 E 41st, Los Angeles, CA, 90011 $659,000 3 2 1,004 1,004 SqFt
4321 Honduras Street, Los Angeles, CA, 90011 $1,995,000 14 8 5,341 5,341 SqFt
1583 E Martin Luther Ki.., Los Angeles, CA, 90011 $639,995 2 1 1,144 1,144 SqFt
1335 1337 E Adams, Los Angeles, CA, 90011 $2,100,000 14 5 4,266 4,266 SqFt
1325 E Adams Boulevard, Los Angeles, CA, 90011 $1,070,000 7 6 2,838 2,838 SqFt
1519 E 41st, Los Angeles, CA, 90011 $589,000 3 2 1,020 1,020 SqFt
4439 Lima Street, Los Angeles, CA, 90011 $600,000 3 2 1,013 1,013 SqFt
1471 E 41st, Los Angeles, CA, 90011 $835,000 3 2 --

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/13/2026 @ 11:20

MLS: 26853081 LISTED BY: Stephen F. Watson, Keller Williams Los Angeles 213-797-7000 SOURCE: CRMLS

Homes around $750,000

Selling? Save $44,501 when you sell a home like this

Tour with a ByOwner Agent