Homes for sale - 1024 W 24th ST, Los Angeles, CA 90007

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Jessica Panzica

Jessica Panzica Real Estate

jessica@jessicapanzica.com +1(714) 313-8193

$3,450,000

Est. payment - /mo

13 Beds

16 Baths

9,478 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,478 sqft

Price per Sqft $364

MLS Listing ID 25495795

Bedrooms 13

HOA Y/N No

Year Built 1963

Lot Size 7,244 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 11

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5124008018

Special Listing Condition Standard

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Listed by Sean Rosenzweig • Marcus & Millichap

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

1024 W 24th ST Los Angeles, CA 90007

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

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