1616 W 24th Street
Los Angeles, CA 90007
1072 sqft | 2 beds | 1 bath | 0.06 acres | #24432215
Description
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
- Property SubtypeSingleFamilyResidence
- InteriorCeilingFans
- CountyLos Angeles
- Property TypePurchase
- Original List Price$849,000
- MLS #24432215
- MLS #24432215
- Acres0.0589
- Cost849000
- Square Feet1072
- Year Built1906
- Bedrooms2
- Bathrooms1
- Full Baths1
- Stories1
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Zachary Tucker (#CLW-C143226)
Listing Office: Coldwell Banker Realty (#CLW-B2000101)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.