$849,000
- Beds
- 2
- Baths
- 1.0
- sq ft
- 1,072
1616 W 24th St, Los Angeles, CA 90007
1616 W 24th St
Los Angeles, CA 90007
- 22 days on market
Welcome to this charming Victorian home located at 1616 W 24th St in the heart of Los Angeles. This 2-bedroom, 1-bathroom gem includes a spacious upstairs bonus room with an additional bathroom--perfect for a home office, guest suite, or extra family space. The property comes RTI (Ready to Issue) with approved plans and permits to build an ADU, offering fantastic expansion potential. Located within close proximity to USC and the vibrant USC Village, this home is ideal for faculty, staff, or anyone seeking convenient access to campus amenities. Investors will also appreciate its prime location, making it an attractive rental option for students. The home features beautiful hardwood floors, updated kitchen appliances, an in-unit washer and dryer, and stylish tiled showers with glass enclosures. The existing 1,072 square feet of living space is currently rented to USC students, generating a steady income of $3,200 per month. With the approved ADU plans, the property could be transformed into a 4-bedroom, 2-bathroom residence, boosting the projected rental income to approximately $6,000 per month. Outside, you'll find a delightful Victorian-style front porch and fully fenced front and back yards, offering both curb appeal and privacy. This is a rare opportunity in a highly sought-after area--whether for personal use or as an investment, the possibilities are endless. The property can be delivered fully vacant or occupied, depending on buyer's preference.
Details
Property type
Single Family Residence
Lot size
2,565 sq ft
Price per sq ft
$792
Year built
1906
HOA
No
Price History
08/26/2024
CLAW #24432215
Listed
$849,000
-2.3%
06/19/2024
CRMLS #SR24055527
Removed
$869,000
06/04/2024
CRMLS #SR24055527
Price change
$869,000
-1.14%
Schools & Community
Neighborhood:
Adams-Normandie
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
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Status: Active
Tomo last checked: 09/18/2024 at 5:50 PM
Listing updated: 09/17/2024 at 5:29 PM
Listed by: Zachary Tucker, Coldwell Banker Realty Phone #: (310) 777-6200
MLS: CLAW #24432215
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