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1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
1616 W 24th St
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$749,000

1616 W 24th St

2 Beds 1 Bath 1,072 Sq.Ft.

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.

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Location

1616 W 24th St, Los Angeles, CA 90007

Status

For Sale

Property Amenities

View additional property information below.
Interior
Laundry room Laundry Area, In Unit
Fireplace None
Appliances Range/Oven, Refrigerator, Garbage Disposal, Washer, Dryer
Flooring Wood, Tile
Total Bedrooms: 2
Full Bathrooms: 1
Area & Lot
Lot Area 2,565 Sq.Ft.
Living area 1,072 Sq.Ft.
MLS® ID 25556075
Year Built 1906
View Description Other
Architecture Styles California Bungalow
Type Residential
Status For Sale
Exterior
Stories 1
Pool None
Air conditioning Other
Heat type Wall
Parking On street, Public
Finance
Sales Price $749,000

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