1016 W 24Th St Los Angeles, CA 90007

$--

12 Beds
14 Baths
8,563 Sq.Ft.

Off Market

Map preview of 1016 W 24Th St, Los Angeles, CA 90007

Property Overview: 1016 W 24Th St Los Angeles, CA has 12 bedrooms, 14 bathrooms, 8,563 living square feet and 7,247 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1016 W 24Th St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1016 W 24Th St

View property's historical transactions

November, 2022
Nov 13, 2022

Date

Expired

CRMLS: SR22204737

$6,495,000

Price
Sep 19, 2022

Date

Active

CRMLS: SR22204737

$6,495,000

Price
Listing provided courtesy of CRMLS

This fourteen unit building is located in the heart of University Park and a short walk south to the USC campus. The building currently has 11 vacant units ready to update and rent at market rents. There are four tuck under gated parking spaces in the back and two in the front. There is lot parking for seven cars in the rear. Nine units are separately metered for Gas and Electric. The five studio apartments are master metered for Gas and Electric. There may be the potential to meter Gas and Electric for all the units. The property is close to The Row, and is within the USC Transportation Campus Cruiser service boundaries, a student run Safe Ride Home program. Tenants are currently paying less than full face value of leases. Vacant unit income is shown at potential market rents.

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October, 2020
Oct 3, 2020

Date

Expired

CRMLS: SR20129729

$5,500,000

Price
Jul 3, 2020

Date

Active

CRMLS: SR20129729

$5,500,000

Price
Listing provided courtesy of CRMLS

I am pleased to present the opportunity 14 unit . situated between University Park and Downtown Los Angeles, two of the most popular Sub-markets for investors in Los Angeles. The property consists of one building totaling 14 units & 8563 square feet. The unit mix is comprised of 5/ studios +1 and 7 /1+1 units.2 / 2+1 the building located in heart of the usc student housing , One of the largest student.Run Safe Ride home programs in the country. Excellent acquisition opportunity.

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April, 2019
Apr 15, 2019

Date

Canceled

CRMLS: CV19031611

$5,500,000

Price
Feb 11, 2019

Date

Active

CRMLS: CV19031611

$5,500,000

Price
Listing provided courtesy of CRMLS

1016 W 24th St, a wood frame and stucco fourteen unit apartment building located in the heart of the USC Student Housing sub-market - University Park. Less than a mile to campus, close to The Row, and within the USC Transportation Campus Cruiser service boundaries, one of the largest student-run safe ride home programs in the country, and inside the USC Public Safety Patrol Area. Built in 1964, the 8,563 square foot property has an excellent unit mix of bachelors, one-bedroom and two-bedroom units, and sits on a 7,247 square foot lot that is zoned LARD1.5. The property has parking for approximately 14 cars. (9) units are individually metered for gas and electric utilities, (5) bachelors are master metered for gas and electric, landlord pays for water/sewer. There is potential to individually meter all of the units.

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Tax History for 1016 W 24Th St

Assessed Value (2020): $373,360

Year	Land Value	Improved Value	Assessed Value
2020	$47,611	$325,749	$373,360

About 1016 W 24Th St

Detailed summary of property

1016 W 24Th St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90007 and is currently off market. This property has 12 bedrooms, 14 bathrooms, roughly 8,563 living square feet, and sits on an approximately 7,247 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Local nearby listings include 1714 S Berendo St, 267 S San Pedro St #218 and 1817 S Catalina St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1016 W 24Th St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1016 W 24Th St

Public county record property details

Beds: 12
Baths: 14
Year built: 1964
Sq. Ft.: 8,563
Lot Size: 7,247
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16
APN: 5124-008-020

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,495,000

Median List Price/Sq.Ft.

$610

Median Sold Price

$1,025,000

Median Sold Price/Sq.Ft.

$777

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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