1016 W 24th, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1016 W 24th,Los Angeles, CA 90007
$2,100,000
- - Beds
- - Baths
- 8,563 sq. ft.
- Multi-family
- Active
Listed by: ivette bertin, sabrina villa
Office: luxury collective
MLS#:SR26014675
Source:CRMLS
Price summary
- Price:$2,100,000
- Price per sq. ft.:$245.24
About this home
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
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Home facts
- Year built:1964
- Listing ID #:SR26014675
- Added:1 day(s) ago
- Updated:January 23, 2026 at 02:41 PM
Rooms and interior
- Living area:8,563 sq. ft.
Structure and exterior
- Year built:1964
- Building area:8,563 sq. ft.
- Lot area:0.17 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,100,000
- Price per sq. ft.:$245.24
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