1616 W 24th St - 1616 W. 24th St.
2 Unit Apartment Building Offered at $1,091,822 CAD in Los Angeles, CA 90007
EXECUTIVE SUMMARY
Single Family property. The property includes RTI-approved plans for an ADU with a separate address and private entry. The plans allow for the addition of a 533-square-foot second unit with 2 bedrooms and 1 bathroom, as well as an extra bathroom in the existing 2 bed +1 bath main house. Everything is approved and ready to build! Perfect for USC faculty, staff, or student rental housing, this home offers an incredible investment opportunity. Take advantage of the approved plans and generate an additional $3,000 per month in rental income fir the upstairs. Owner was previously renting the house for $3,200 a month. A total of $6,200+ a month makes for a great investment situated in the historic Adams-Normandie HPOZ. The neighborhood showcases true pride of ownership and a strong sense of community. Conveniently located just minutes from USC, Downtown LA, L.A. Live, the L.A. Coliseum, BMO Stadium, Trader Joe's, Expo Park, the Natural History Museum, the soon-to-open Lucas Museum of Narrative Art, and easy access to the 10 and 110 freeways.
PROPERTY FACTS
| Price | $1,091,822 CAD |
| Price Per Unit | $545,911 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.06 AC |
| Building Size | 1,072 SF |
| No. Stories | 1 |
| Year Built | 1906 |
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Walk Score®
Very Walkable (81)
