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22500945
22500940

1616 W 24th St, Los Angeles, CA 90007

Coldwell Banker Commercial NRT Beverly Hills
Listed by Coldwell Banker Commercial NRT Beverly Hills
$749,000
435 days on market
Updated 27 days ago

1616 W. 24th St.

Details
APN 5054-003-007
Property Type Multifamily
Sub Type Student Housing
Square Footage 1,072
Units 2
Beds 2
Cap Rate 7.00%
Broker Co-Op Yes
Class A
Year Built 1906
Buildings 2
Stories 2
Lot Size (SqFt) 2,565
Zoning LAR2

RTI Plans approved for an ADU / USC Housing

Marketing description

Prime move-in-ready home in a spectacular location, just a short walk from the University of Southern California (USC) and USC Village. 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 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.. This charming 2-bedroom, 1-bathroom home has been freshly painted throughout and features hardwood floors, a fully equipped kitchen with appliances, a washer/dryer, and a beautifully tiled shower with a glass enclosure. 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.

Investment highlights

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 main house. Everything is approved and ready to build! Perfect for USC faculty, staff, or student rental housing.

Listing Contacts

Coldwell Banker Commercial NRT Beverly Hills
Listed by Coldwell Banker Commercial NRT Beverly Hills

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