1616 W 24th Street
Los Angeles, CA, 90007
$749,000
2 Beds
1 Baths
1,072 SqFt
0.06 Acres
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All offer looked at. Prime move-in-ready home in a spectacular location, just a short walk from the University of Southern California (USC) and USC Village. Perfect for USC faculty, staff, or student rental housing, this home offers an incredible opportunity for owner user or investor. This charming 2-bedroom, 1-bathroom home features hardwood floors, a fully equipped kitchen with appliances, a washer/dryer, and a beautifully tiled shower with a glass enclosure. Separate dining room and large living room. 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. LOAN PROGRAM: NO PMI with as little as 3% down, As of 05/5/25 the available rate is 5.875%, 2% of Purchase Price Credited To The Buyer, $1500 additional credit to cover processing and underwriting fees, Minimum down payment of 3%,Don’t have to be a first-time homebuyer to take advantage of this program. Call for lender information. The property includes RTI-approved plans for an ADU with a separate address and private entry. Take advantage of the approved plans and generate an additional $3,000 per month in rental income for the upstairs. 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 main house. Everything is approved and ready to build! . 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.
LISTING AGENT: Danny Mahelka
LISTING BROKERAGE: Coldwell Banker Realty
1616 W 24th Street
Los Angeles, CA

Property Details

Price:
$749,000
MLS #:
25510669
Status:
Active
Beds:
2
Baths:
1
Address:
1616 W 24th Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Mar 12, 2025
State:
CA
Finished Sq Ft:
1,072
ZIP:
90007
Lot Size:
2,565 sqft / 0.06 acres (approx)
Year Built:
1906
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Schools

Interior

Appliances
Disposal, Refrigerator
Fireplace Features
None
Flooring
Wood, Tile
Heating
Wall Furnace

Exterior

Parking Features
None
Parking Spots
0.00
Pool Features
None
Security Features
Gated Community
Spa Features
None
Stories Total
1
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None

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Map

Community

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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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