1024 W 24Th Street, Los Angeles, CA 90007 - Berkshire Hathaway HomeServices California Properties
1024 W 24th Street Los Angeles, CA 90007
$3,450,000 13 beds, 16 baths
9, 478 sqft

Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# 25495795
List price is $3,450,000 Reduced by $300,000 on 3/13/2025
Beds: 13
Baths: 16
Built in 1963
9,478 sqft
0.17 acres
Lot size: 0.1663
County: Los Angeles
Zoning: LARD1.5
Parking description: None
MLS area: C42 - Downtown L.A.

Last Updated: 6/25/2025

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.033503, -118.282948.
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Listing Agent: Sean Rosenzweig
Lic#: 01234982
Office Name: Mission Viejo

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