1616 W 24th St

1616 W 24th St | Los Angeles, CA 90007, USA | $825,000 | MLS ID: 24-410063

4 Beds
2 Baths
1,605 Sq. Ft.

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 blocks 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 & dryer, this property is a great investment opportunity located in a prime USC student housing area. The building is 1,072 rentable SF on a 2,565 SF lot, and can be delivered fully occupied ($3,200/month) or vacant.

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