Listing Agent: Danny Mahelka Broker/Office: Coldwell Banker Realty
1616 24th Street W Los Angeles CA 90007
Listing ID
#25556075
Status
Active
Property Type
Single Family Residence
County
Los Angeles
Year Built
1906
Days on website
2
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. Buyers may qualify with as little as 3% down, no PMI, and interest rates as low as 5.875% (as of 5/5/25). Additional incentives include a 2% credit toward the purchase price and $1,500 toward processing and underwriting fees. These programs are available to both first-time and repeat buyers.
Appliances:
Disposal, Dryer, Refrigerator, Washer
Flooring:
Tile, Wood
Furnished:
Unfurnished
Levels:
One
Parking Features:
Public
Senior Community YN:
false
Senior Community YN:
false
MLS Area Major:
C16 - Mid Los Angeles
City:
Los Angeles
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Listed By:
Danny Mahelka
Coldwell Banker Realty
CA Lic#
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