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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$749,000

Est. payment - /mo

2 Beds

1 Bath

1,072 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,072 sqft

Price per Sqft $698

MLS Listing ID 25556075

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1906

Lot Size 2,565 Sqft

Lot Dimensions Assessor

Property Sub-Type Single Family Residence

Property Description

Welcome to your ideal investment or personal residence in the heart of one of LA's most sought-after neighborhoods! Just a mile from the University of Southern California (USC) and USC Village, This charming 2-bedroom, 1-bathroom. Offering an ideal blend of residential comfort and strong investment potential. Inside, you'll find an inviting layout featuring original hardwood floors, a spacious living room, formal dining area, and a well-appointed kitchen equipped with appliances and an in-unit washer and dryer. The bathroom has been updated with tasteful tile and a glass-enclosed shower, adding to the home's appeal. Situated in the Adams-Normandie Historic Preservation Overlay Zone (HPOZ), this home places you in close proximity to Downtown LA, L.A. Live, the Coliseum, BMO Stadium, Expo Park, Trader Joe's, and the future Lucas Museum of Narrative Art. Commuters will appreciate the quick access to the 10 and 110 freeways, making it easy to navigate the city. Adding to the value, the property comes with RTI (Ready-To-Issue) plans to build a 2-bedroom, 1-bathroom ADU (Accessory Dwelling Unit) with a private entrance and separate address. These plans also include a second bathroom addition to the main house, offering even more functionality. Once completed, the ADU is estimated to generate approximately $3,000 per month in rental income. The main home has previously rented for $3,200 per month, making the total potential income over $6,200 per month. Attractive financing options are also available. Loan programs available; please call to inquire. These programs are available to both first-time and repeat buyers.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Heating Wall Furnace

Flooring Tile, Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Public, On Street

Pool None

View Y/N Yes

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5054003007

Special Listing Condition Standard

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Listed by Danny Mahelka Coldwell Banker Realty

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1616 W 24th ST Los Angeles, CA 90007