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1617 W 24th Street, Los Angeles, California 90007, Los Angeles, 90007 - 4 bed, 1 bath

1617 W 24th Street, Los Angeles, California 90007 home-pic-0
ACTIVE$998,000
1617 W 24th Street, Los Angeles, California 90007
4Beds
1Bath
2,336Sqft
2,413Lot
Year Built
1902
Close
-
List price
$998K
Original List price
$998K
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
25517749
Home ConditionExcellent
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $998.0K(55th), sqft - 2336(55th), beds - 4(45th), baths - 1(27th).

SPECIAL SELLER FINANCING, Inquire within, or 4.5% with Sellers 3-2-1 BUYDOWN offer. If accounting for 6.5% initial interest, the first year would be 3.50% at $3,588.69 monthly, potentially saving $1,463.94 monthly or $17,567.30 annually. Second year at 4.50% with $4,049.53 monthly mortgage, saving $1,003.09 monthly or $12,037.14 annualy. Third year at 5.50% with $4,538.30 monthly payments, saving $514.33 monthly or $6,171.94 annually. These figures are subject to interest rate available at time of loan lock, inwuire within or your mortgate professional. Remodeled craftsman house in West Adams perfect for a family or USC investor! The home has 6 Beds + 5 Baths + large attic loft with bright natural lights. Can be used for 2 families. Seller is willing to finance or offer 2-1 buydown to help woth interest rates.

Price History

Date
Event
Price
09/30/22
Sold
$850,500
04/06/06
Sold
$560,000
07/02/03
Sold
$239,500
Condition Rating
Excellent
Despite being built in 1902, this property has undergone a comprehensive and high-quality renovation, as stated in the description ('Remodeled craftsman house') and clearly depicted in the images. The kitchen features modern white shaker cabinets, stainless steel appliances, contemporary countertops, and subway tile backsplash, all appearing new. The multiple bathrooms are also fully updated with modern vanities, fixtures, and tiling. Throughout the home, there is consistent modern flooring (hardwood/laminate), fresh paint, and updated lighting (including recessed lights). All visible components meet current quality standards with no signs of wear or deferred maintenance, aligning with an 'Excellent' rating for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Attractive Financing Options: The seller offers special financing, including a 3-2-1 interest rate buydown, significantly reducing initial mortgage payments and making the property more accessible and affordable for buyers.
Extensive Living Space: The property boasts a substantial layout with 6 bedrooms, 5 bathrooms, and a large attic loft, providing ample space for various living arrangements.
Remodeled Craftsman Architecture: This remodeled craftsman house combines historic charm with modern updates, offering a desirable aesthetic and updated living conditions.
Versatile Investment Potential: The home is explicitly marketed as suitable for a family, a USC investor, or even two families, indicating strong income-generating or multi-generational living potential.
Desirable West Adams Location: Located in the appreciating West Adams neighborhood of Los Angeles, the property benefits from its proximity to USC and the area's cultural appeal.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2413, living area = 2336.
Significant Bed/Bath Discrepancy: There is a major inconsistency between the structured data (4 beds, 1 bath) and the description (6 beds, 5 baths), which requires immediate clarification and could confuse potential buyers.
Advanced Age of Property: Built in 1902, despite being remodeled, the property's age may present potential challenges related to older infrastructure, maintenance, or unforeseen repairs.
Limited Outdoor Space: With a lot size of only 2413 sqft, the property offers minimal outdoor area, which could be a drawback for buyers seeking a yard or extensive exterior living space.

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