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.
Property Details
Price:
$849,000
MLS #:
24432215
Status:
Active
Beds:
2
Baths:
1
Address:
1616 W 24th Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Aug 26, 2024
State:
CA
Finished Sq Ft:
1,072
ZIP:
90007
Lot Size:
2,565 sqft / 0.06 acres (approx)
Year Built:
1906
Schools
Interior
Appliances
Dishwasher, Refrigerator
Fireplace Features
Electric
Flooring
Wood
Heating
Natural Gas
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Street
Parking Spots
0.00
Pool Features
None
Spa Features
None
Stories Total
1
View
None
Financial
Map
Community
- Address1616 W 24th Street Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Robert Barksdale include the name of the listing broker. Neither the listing company nor Robert Barksdale shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1616 W 24th Street
Los Angeles, CA
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