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Image 1 - 1616 W 24th St, Los Angeles, California, 90007 - House for sale

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W Th St, Los Angeles, Home For Sale

1616 W 24th St, Los Angeles, California, 90007

W Th St, Los Angeles, Home For Sale

house for sale

Listed: 07/05/24

1616 W 24th St, Los Angeles, California, 90007

4 Bed:

2 Bath:

1,605 Sq Ft Living Area:

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Price

$ 825,000

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About This House

We are pleased to offer the opportunity to acquire this 3-bedroom + 2-bathroom co-living/student housing investment, nestled in the heart of vibrant and historic West Adams District and within walking distance to the University of Southern California (USC) Village and campus. The site is fully RTI with plans and permits approved to construct an attached 533 square foot ADU. An investor can convert the existing single-family residence into a duplex, each unit with their own private entrance, consisting of 2-bedroom + 1-bathroom units, for a total of 4-bedrooms + 2-bathrooms, with a scheduled income of approximately$6, 000/month. Featuring an upgraded kitchen, large windows, and hardwood floors, and in-unit washer and dryer, this property is a great investment opportunity located in a prime USC student housing area. The building is1, 072rentable SF on a2, 565 SFlot, and can be delivered fully occupied ($3, 200/month) or vacant.

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Pico-Union Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.