1616 W 24th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$759,000 USD
310-887-0220
1616 W 24th St, Los Angeles, CA for Sale
$759,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

1616 W 24th St
Los Angeles, CA 90007
West Adams


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$759,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

2

PRICE/UNIT

$379,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1616 W. 24th St.

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,587 SF

ZONING

LAR2

APN/PARCEL ID

5054-003-007

ASK ABOUT THIS PROPERTY

Danny MahelkaColdwell Banker Commercial RealtyMore Info
310-887-0220

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Danny MahelkaColdwell Banker Commercial RealtyMore Info
310-887-0220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.