$2,100,000

For Sale

2 months ago

1016 W 24 Th St, Los Angeles, CA

Name: 1016 W 24 Th St, For Sale in Los Angeles - eXp Realty
Brand: Luxury Collective
SKU: SR26014675
Price: 2100000 USD

Condo

MLS® SR26014675

0 Bed

0 Bath

14 Parking

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage Yes

HOA Fees

Taxes

Days Active 58

Approx. Age 1964

MLS® Number SR26014675

Property Address: 1016 W 24th St, Los Angeles, CA, 90007-1820

Average square foot calculated using Size range provided by listing agent.

Description

RARE INVESTMENT OPPORTUNITY – UNIVERSITY PARK (HISTORIC DISTRICT) ??? Introducing a 14-unit multifamily building located in the highly desirable University Park area, a recognized historic district known for its character, architectural significance, and long-term stability. This is a major value-add project offering a rare opportunity for seasoned investors and developers to acquire and reposition a sizable asset in one of the area’s most sought-after neighborhoods. The property requires a full rehabilitation, allowing a new owner to redesign, upgrade, and strategically reposition the building to meet today’s rental demand. This is a large-scale project, ideal for investors looking to maximize returns through a comprehensive renovation. A key advantage: all reports are already completed and available, providing transparency and a smoother path toward planning, budgeting, and execution. University Park continues to experience strong appreciation and rising rental demand, driven by its historic designation, proximity to major universities, downtown, transit corridors, and ongoing revitalization efforts. Fully renovated multifamily properties in this area command premium rents and show consistent long-term value growth. Once rehabbed, this asset has the potential to become a high-performing income property with both immediate cash flow and significant equity upside. Historic multifamily assets in central, high-demand locations are becoming increasingly scarce. Investors who successfully execute projects like this often see substantial increases in property value, long-term rent stability, and strong resale potential. This is the type of opportunity that builds generational wealth and a resilient investment

MLS® NumberSR26014675

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCommon Area

Exposure

Exterior

GarageYes

Approx. Age1964

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 21, 2026List Date

$2,100,000List Price

Commute

Commute

Starting Address

Destination Address

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