1024 W 24Th Street

Los Angeles, CA 90007

$3,750,000

List Price

13

bed Beds

16

shower Baths

9,478 sqft

straighten / sqft

1963

calendar_month Built

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.

Listing Information

List Price $3,750,000
Status Active
MLS 25495795
Type Residential Income
Year Built 1963
Lot Size 7,246
Structure Size 9,478
DOM 4
Courtesy Of Marcus & Millichap
Listing Agent Sean Rosenzweig DRE#01406343

Interior Features

Total Bedroom
Bedrooms 13
Total Bathroom
Bathrooms 16

Exterior Information

Maps

Listing information courtesy of: Sean Rosenzweig, Marcus & Millichap 213-943-1897. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 7th, 2025 at 8:26 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.