714-745-2708

724 E 32nd Street, Los Angeles, CA 90011

$695,000 Approx. USD 8 beds, 4 baths
2,976 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Stephen F. Watson | swatson@total-realtygroup.com
Lic#: 01187813
Broker: Courtesy of Keller Williams Los Angeles
Phone: 213-446-3636

Co Listing Agent

Michael R. Fukushima | mfukushima@total-realtygroup.com
Lic#: 01380445
Broker: Courtesy of Keller Williams Los Angeles
Phone: 818-321-6490

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26853081

List price is $695,000 Reduced by $30,000 on 10/23/2026

Price: $695,000

Beds: 8

Baths: 4

Built in 1964

2,976 sqft

2 stories

0.12 acres

Lot size: 0.1249

County: Los Angeles

Zoning: LARD1.5

Parking description: None

Heating/cooling: None

Heating description: Wall Furnace

MLS area: C42 - Downtown L.A.

Last Updated: 10/23/2026

Days On Market (DOM): 130

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.016422, -118.263378.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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