1617 W 24th Street, Los Angeles, California 90007, Los Angeles, 90007 - 6 bed, 5 bath

1617 W 24th Street, Los Angeles, California 90007 home-pic-0
ACTIVE$998,000
1617 W 24th Street, Los Angeles, California 90007
6Beds
5Baths
2,336Sqft
2,413Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Remodeled Historic Charm: Beautifully remodeled Craftsman home blending historic architectural charm with modern updates throughout.
Top 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.

Compared to the nearby listings

Price:$998.0K vs avg $860.0K (+$138,000)55%
Size:2,336 sqft vs avg 2,204 sqft55%
Price/sqft:$427 vs avg $46345%

More Insights

Built in 1902 (123 years old).
Condition: Despite being built in 1902, this property has undergone a beautiful and extensive modern renovation, as evidenced by the description and images. The kitchen features new white shaker cabinets, quartz countertops, subway tile backsplash, and modern stainless steel appliances. All bathrooms are fully updated with contemporary vanities, fixtures, and tiling. Throughout the main living areas, there are new hardwood floors, recessed lighting, and modern light fixtures. The overall condition appears virtually new with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Year Built
1902
Close
-
List price
$998K
Original List price
$998K
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
25531353
Home ConditionExcellent
Features
View-

About this home

Don't miss this beautifully remodeled craftsman home, offering spacious living with 6 bedrooms, 5 bathrooms, and a sun lit attic loft ideal for large families, student housing, or investment purposes. Situated in the vibrant and historic West Adams neighborhood, this home combines charm with modern updates. SPECIAL SELLER FINANCING AVAILABLE! Take advantage of exclusive financing options, including: Option 1: Seller Financing Inquire WithinTailored solutions available directly from the seller. Option 2: 3-2-1 Buydown Offer at 4.5%, (based on an initial interest rate of 6.5%), this buydown option reduces your interest rate for the first three years: Year 1 at 3.50%: $3,588.69/month. Save $1,463.94 monthly ($17,567.30 annually). Year 2 at 4.50%: $4,049.53/month Save $1,003.09 monthly ($12,037.14 annually) Year 3 at 5.50%: $4,538.30/month Save $514.33 monthly ($6,171.94 annually) Note: Savings are based on market rate of 6.5% and subject to change based on loan lock terms. Please consult your mortgage professional or Inquire within for exact details. Street parking only. Come see this stunning property for yourself and imagine the possibilities. Whether you're searching for a family home or a strong investment near USC, this one delivers.

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 beautiful and extensive modern renovation, as evidenced by the description and images. The kitchen features new white shaker cabinets, quartz countertops, subway tile backsplash, and modern stainless steel appliances. All bathrooms are fully updated with contemporary vanities, fixtures, and tiling. Throughout the main living areas, there are new hardwood floors, recessed lighting, and modern light fixtures. The overall condition appears virtually new with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Remodeled Historic Charm: Beautifully remodeled Craftsman home blending historic architectural charm with modern updates throughout.
High Occupancy & Versatility: Features 6 bedrooms, 5 bathrooms, and a sun-lit attic loft, making it ideal for large families, student housing, or multi-unit investment.
Prime West Adams Location: Situated in a vibrant and historic West Adams neighborhood, offering strong rental demand due to its proximity to USC.
Flexible Financing Incentives: Offers attractive seller financing options, including a 3-2-1 buydown, providing significant initial mortgage payment savings.
Strong Investment Opportunity: Explicitly positioned as an ideal investment property with high income potential, particularly for student rentals near USC.

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.
Limited Parking: The property offers street parking only, which can be a significant inconvenience in a dense urban area like Los Angeles.
Small Lot Size: With a lot size of only 2,413 sqft, outdoor space is minimal, potentially limiting recreational use or future expansion.
Lack of Premium Views: The property does not offer any special views, which might be a consideration for some buyers seeking scenic surroundings.

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