724 E 32nd Street, Los Angeles, CA 90011

• 2 beds
• 2,976 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.

Listing Status:

Active

Date Added:

June 26, 2026

Data Last Updated:

July 4, 2026 at 11:07PM

Listing Office:

Keller Williams Los Angeles : 213-797-7000

Listing Agent:

Stephen F. Watson : 213-446-3636

MLS ID:

CL26853081

Interior

• A/C: No Air Conditioning
• Heating: Wall Furnace

Exterior

• Parking: Parking spaces: 6

Location

• County: Los Angeles

Lot

• Zoning: LARD1.55120024004