1616 W 24th ST, Los Angeles, CA 90007
1616 W 24th ST, Los Angeles, CA 90007
1616 W 24th ST, Los Angeles, CA 90007
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$749,000
Est. payment /mo
2 Beds
1 Bath
1,072 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,072 sqft

Price per Sqft $698

MLS Listing ID 26656785

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1906

Lot Size 2,565 Sqft

Lot Dimensions Assessor

Property Sub-Type Single Family Residence

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Heating Wall Furnace

Flooring Tile, Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Public, On Street

Pool None

View Y/N Yes

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5054003007

Special Listing Condition Standard

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Listed by Danny Mahelka Coldwell Banker Realty #01170359

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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