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Property Description

Discover an exceptional opportunity to own a home or income-producing property in one of Los Angeles' most desirable central neighborhoods. Located just one mile from the University of Southern California and USC Village, this charming 2-bedroom, 1-bath residence combines comfortable living with strong investment potential. Inside, the home features a warm and functional layout highlighted by original hardwood floors, a generous living room, a formal dining space, and a well-equipped kitchen complete with appliances and an in-unit washer and dryer. The updated bathroom showcases tasteful tile work and a glass-enclosed shower, enhancing the home's overall appeal.Situated within the AdamsNormandie Historic Preservation Overlay Zone (HPOZ), the property offers convenient access to Downtown Los Angeles, L.A. Live, the Coliseum, BMO Stadium, Exposition Park, Trader Joe's, and the future Lucas Museum of Narrative Art. Nearby access to the 10 and 110 freeways makes commuting throughout the city quick and convenient. Adding significant value, the property includes Ready-To-Issue (RTI) plans for a detached 2-bedroom, 1-bath Accessory Dwelling Unit (ADU) featuring a private entrance and separate address. The plans also include the addition of a second bathroom to the main residence, enhancing functionality and livability. Upon completion, the ADU is projected to generate approximately $3,000 per month in rental income, while the main home has previously rented for $3,200 per month offering a combined potential income exceeding $6,200 monthly.Attractive financing programs are available for both first-time and repeat buyers. Please call for details.

Overview

Property Status
For Sale
Lot Size
2,565 Sq.Ft.
MLS ID
26656785
Property Type
Residential
Year Built
1906

Features & Amenities

Architecture Styles
California Bungalow
View Description
Other
Stories
1
Pool
None
Parking
On street, Public
Heat Type
Wall
Air Conditioning
Other
Laundry Room
Laundry Area, In Unit
Fireplace
None
Appliances
Range/Oven, Refrigerator, Garbage Disposal, Washer, Dryer
Sales Price
$749,000
Zoning
LAR2

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1616 W 24th St

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We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 1616 W 24th St, Los Angeles, CA 90007

1616 W 24th St
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