15
See all 15 photos
$749,000
Est. payment /mo
2 Beds
1 Bath
1,072 SqFt
New
1616 W 24th ST Los Angeles, CA 90007
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,072 sqft
Price per Sqft $698
MLS Listing ID 25556075
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1906
Lot Size 2,565 Sqft
Lot Dimensions Assessor
Property Sub-Type Single Family Residence
Property Description
Welcome to your ideal investment or personal residence in the heart of one of LA's most sought-after neighborhoods! Just a mile from the University of Southern California (USC) and USC Village, This charming 2-bedroom, 1-bathroom. Offering an ideal blend of residential comfort and strong investment potential. Inside, you'll find an inviting layout featuring original hardwood floors, a spacious living room, formal dining area, and a well-appointed kitchen equipped with appliances and an in-unit washer and dryer. The bathroom has been updated with tasteful tile and a glass-enclosed shower, adding to the home's appeal. Situated in the Adams-Normandie Historic Preservation Overlay Zone (HPOZ), this home places you in close proximity to Downtown LA, L.A. Live, the Coliseum, BMO Stadium, Expo Park, Trader Joe's, and the future Lucas Museum of Narrative Art. Commuters will appreciate the quick access to the 10 and 110 freeways, making it easy to navigate the city. Adding to the value, the property comes with RTI (Ready-To-Issue) plans to build a 2-bedroom, 1-bathroom ADU (Accessory Dwelling Unit) with a private entrance and separate address. These plans also include a second bathroom addition to the main house, offering even more functionality. Once completed, the ADU is estimated to generate approximately $3,000 per month in rental income. The main home has previously rented for $3,200 per month, making the total potential income over $6,200 per month. Attractive financing options are also available. Loan programs available; please call to inquire. These programs are available to both first-time and repeat buyers.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Interior
Heating Wall Furnace
Flooring Tile, Wood
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Appliance Disposal, Refrigerator, Dryer, Washer
Exterior
Parking Features Public, On Street
Pool None
View Y/N Yes
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5054003007
Special Listing Condition Standard
Listed by Danny Mahelka Coldwell Banker Realty