Welcome to your ideal investment or personal residence in the heart of one of LA’s 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, you’ll 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 home’s 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 Joe’s, 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.
Property Details
Price:
$749,000
MLS #:
25556075
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:
Jun 23, 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
Street, Public
Parking Spots
0.00
Pool Features
None
Spa Features
None
Stories Total
1
Financial
Map
Community
- Address1616 W 24th Street Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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1616 W 24th Street
Los Angeles, CA
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