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1616 W 24th Street, Los Angeles, California 90007, Los Angeles, 90007 - 2 bed, 1 bath

1616 W 24th Street, Los Angeles, California 90007 home-pic-0
ACTIVE$769,000
1616 W 24th Street, Los Angeles, California 90007
2Beds
1Bath
1,072Sqft
2,565Lot

Price Vs. Estimate

The estimated value ($749,146.595) is $19,853.405 (2%) lower than the list price ($769,000). This property may be overpriced.

Key pros and cons

Top Pros:
Location: Prime location within walking distance of USC and USC Village, ideal for students, faculty, or staff.
Top Cons:
Small Lot Size: The lot size is relatively small at 2,565 sqft, which may limit outdoor space and expansion possibilities beyond the ADU.

Compared to the nearby listings

Price:$769.0K vs avg $820.0K ($-51,000)27%
Size:1,072 sqft vs avg 2,144 sqft36%
Price/sqft:$717 vs avg $56182%

More Insights

Built in 1906 (119 years old).
Condition: The property was built in 1906, but the description mentions updates including fresh paint, hardwood floors, updated bathroom with tiled shower and glass enclosure, and kitchen appliances. The images show a functional but not fully modern kitchen and bathroom. Given the age and partial updates, a 'Fair' condition score is appropriate. The availability of RTI plans for an ADU and bathroom addition to the main house suggests that further improvements are anticipated.
Year Built
1906
Close
-
List price
$769K
Original List price
$799K
Price/Sqft
$717
HOA
-
Days on market
-
Sold On
-
MLS number
24456179
Home ConditionFair
Features
View-

About this home

REDUCED! Spectacular location move-in ready home located within walking distance of the University of Southern California (USC) & USC Village. This charming home has 2 bedrooms + 1 bath which was updated with fresh paint throughout, featuring hardwood floors, all kitchen appliances included, washer/dryer, and tiled shower with glass enclosure. This home comes with RTI plans for an ADU with a separate address and separate entries. Plans are ready to use for the addition of a second unit of a 533 square feet with 2 bedrooms and 1 bathroom. The RTI plans also include the addition of a bathroom to the main house. Plans are approved and stamped. Ideal for faculty, staff, or anyone seeking access to campus amenities. Ideal for USC student rental housing. Take advantage of the plans and increase income by another $3,000 a month. Located within the Adams-Normandie HPOZ where the neighbors' pride of ownership shows there is a community within. Minutes to DTLA, L.A. Live, LA Coliseum, USC Village, BMO Stadium, Trader Joes, Expo Park, Natural History Museum, the soon to open Lucas Museum of Narrative Art and the 10/110 freeway.

Price History

Date
Event
Price
05/12/10
Sold
$225,000
07/06/06
Sold
$450,000
Condition Rating
Fair
The property was built in 1906, but the description mentions updates including fresh paint, hardwood floors, updated bathroom with tiled shower and glass enclosure, and kitchen appliances. The images show a functional but not fully modern kitchen and bathroom. Given the age and partial updates, a 'Fair' condition score is appropriate. The availability of RTI plans for an ADU and bathroom addition to the main house suggests that further improvements are anticipated.
Pros & Cons

Pros

Location: Prime location within walking distance of USC and USC Village, ideal for students, faculty, or staff.
ADU Potential: Comes with Ready-To-Issue (RTI) plans for a 533 sqft ADU with separate address and entries, offering significant income potential.
Updated Interior: The home features fresh paint, hardwood floors, updated bathroom, and includes kitchen appliances and washer/dryer, making it move-in ready.

Cons

Small Lot Size: The lot size is relatively small at 2,565 sqft, which may limit outdoor space and expansion possibilities beyond the ADU.
Age of Property: Built in 1906, the property may require ongoing maintenance and potential upgrades due to its age.

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