PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a 16-unit (14 + 2 ADU) apartment community located at 1024 W. 24th Street. The subject property is located north of Adams Boulevard and east of Hoover Street, within the USC Patrol Zone. The property is within walking distance of popular cafes, restaurants, and entertainment venues, as well as minutes from the University of Southern California (USC), the Coliseum, and Exposition Park. Its central location provides residents with convenient access to major employment hubs in Downtown Los Angeles, and beyond, supported by nearby public transit options and proximity to the I-10 and I-110 Freeways. Situated on a 10,542-square-foot parcel, the property features one studio, five bachelors, seven one-bedroom units, and three two-bedroom units. The unit-mix consists of two recently added ADUs. 56% of the units have been turned and renovated over the last 18 months, providing, a proven interior renovation strategy to capture USC students. 1024 W. 24th Street presents investors with a rare opportunity to acquire a mid-sized, value-add property close to the USC campus. A new investor can continue to operate as student housing or convert to Section 8 rentals as leases expire, which offers $200+ rent premiums.
Property Details
Price:
$3,750,000
MLS #:
25495795
Status:
Active
Baths:
0
Address:
1024 W 24th Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Feb 3, 2025
State:
CA
ZIP:
90007
Lot Size:
7,246 sqft / 0.17 acres (approx)
Year Built:
1963
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Schools
Interior
Exterior
Parking Features
None
Parking Spots
11.00
Stories Total
3
Financial
Map
Community
- Address1024 W 24th Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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1024 W 24th Street
Los Angeles, CA
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