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Property Description

Welcome to your ideal investment or personal residence in the heart of one of LAs 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, youll 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 homes 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 Joes, 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.

Los AngelesCalifornia
Address Map
USA
CA
Los Angeles
90007
90007

1616 W 24th St

Los Angeles, California, 90007, United States

2 Bedrooms
1 Bathrooms
1,072 Sqft
$749,000
Listing ID #1737076
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1737076
Ref ID : bb72c92c-9dc4-4bb8-926f-842891094708
Price : $749,000
Bedrooms : 2
Bathrooms : 1
Square Footage : 1,072 Sqft
Lot Area : 2,565.68 Sqft
MLS : 25556075
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