1016 W 24th, Los Angeles, CA 90007 - Photo 1 of 1, Los Angeles, CA
1 / 1
$2,100,000

1016 W 24th, Los Angeles, CA 90007

14Beds
0
41Days Listed

Listed by Ivette Bertin, Luxury Collective | 818-915-0160 | MLS# SR26014675

About This Property

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 areas most sought-after neighborhoods. The property requires a full rehabilitation, allowing a new owner to redesign, upgrade, and strategically reposition the building to meet todays 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

Property Details

Property Type
Res Income 2-4 Units
Bedrooms
14
Bathrooms
0
Building Area
0 Sqft
Living Area
0 sqft
Year Built
0
Status
Active
Original Price
$2,100,000
MLS Number
SR26014675

Location & Neighborhood

What's nearby 1016 W 24th, Los Angeles, CA 90007

Lifestyle Summary

** Living at 1016 W 24th means embracing a lifestyle that balances urban excitement with community warmth. The variety of nearby amenities, including schools, parks, and dining options, caters to diverse interests and needs, making it a perfect fit for families, professionals, and students alike. With convenient transit options and a welcoming spirit, this neighborhood invites residents to immerse themselves in the vibrant rhythm of Los Angeles life, creating an enriching living experience that feels like home.

🏘️Neighborhood Vibe

** Nestled in the vibrant heart of Los Angeles, the neighborhood surrounding 1016 W 24th exudes a lively urban charm. With a diverse community and a mix of residential and commercial properties, you'll find a welcoming atmosphere that truly reflects the spirit of the city. This area is perfect for those who appreciate a dynamic environment where culture and convenience intertwine seamlessly. **COMMUTER_SUMMARY:** Commuting from this prime location is a breeze, thanks to multiple bus stops just a short walk away. The proximity to major thoroughfares makes it easy to navigate the greater Los Angeles area, whether you're heading to downtown, the beach, or the bustling entertainment districts. Residents enjoy the flexibility of public transport options, ensuring they're never far from their daily destinations. **FAMILY_SUMMARY:** Families will appreciate the abundance of nearby educational institutions, with several elementary schools such as Divine Providence Kindergarten and Day Nursery and Lanterman High School within easy reach. The variety of parks and recreational facilities in the area provides ample opportunities for children to play and explore. This neighborhood fosters a sense of community that is perfect for raising children and making lasting memories. **DINING_ENTERTAINMENT:** Food lovers will delight in the diverse dining options available nearby, from the cozy 23rd Street Cafe to the exquisite Il Giardino. For a quick bite, the Tasty Wok Express food truck and Bacari W Adam? offer delicious meals on the go. Whether you're craving a casual coffee at Starbucks or a sit-down dinner with friends, the local culinary scene has something for everyone. **OUTDOOR_RECREATION:** Nature enthusiasts will find plenty of green spaces to enjoy, with Hoover Recreation Center and Saint James Park just a stone's throw away. These parks offer playgrounds, sports facilities, and picnic areas, making them perfect for weekend outings. The nearby Toberman Recreation Center also provides various recreational programs, ensuring there’s never a dull moment for outdoor lovers. **OVERALL_LIFESTYLE:** Living at 1016 W 24th means embracing a lifestyle that balances urban excitement with community warmth. The variety of nearby amenities, including schools, parks, and dining options, caters to diverse interests and needs, making it a perfect fit for families, professionals, and students alike. With convenient transit options and a welcoming spirit, this neighborhood invites residents to immerse themselves in the vibrant rhythm of Los Angeles life, creating an enriching living experience that feels like home.

🚗Commuting

** Commuting from this prime location is a breeze, thanks to multiple bus stops just a short walk away. The proximity to major thoroughfares makes it easy to navigate the greater Los Angeles area, whether you're heading to downtown, the beach, or the bustling entertainment districts. Residents enjoy the flexibility of public transport options, ensuring they're never far from their daily destinations. **FAMILY_SUMMARY:** Families will appreciate the abundance of nearby educational institutions, with several elementary schools such as Divine Providence Kindergarten and Day Nursery and Lanterman High School within easy reach. The variety of parks and recreational facilities in the area provides ample opportunities for children to play and explore. This neighborhood fosters a sense of community that is perfect for raising children and making lasting memories. **DINING_ENTERTAINMENT:** Food lovers will delight in the diverse dining options available nearby, from the cozy 23rd Street Cafe to the exquisite Il Giardino. For a quick bite, the Tasty Wok Express food truck and Bacari W Adam? offer delicious meals on the go. Whether you're craving a casual coffee at Starbucks or a sit-down dinner with friends, the local culinary scene has something for everyone. **OUTDOOR_RECREATION:** Nature enthusiasts will find plenty of green spaces to enjoy, with Hoover Recreation Center and Saint James Park just a stone's throw away. These parks offer playgrounds, sports facilities, and picnic areas, making them perfect for weekend outings. The nearby Toberman Recreation Center also provides various recreational programs, ensuring there’s never a dull moment for outdoor lovers. **OVERALL_LIFESTYLE:** Living at 1016 W 24th means embracing a lifestyle that balances urban excitement with community warmth. The variety of nearby amenities, including schools, parks, and dining options, caters to diverse interests and needs, making it a perfect fit for families, professionals, and students alike. With convenient transit options and a welcoming spirit, this neighborhood invites residents to immerse themselves in the vibrant rhythm of Los Angeles life, creating an enriching living experience that feels like home.

👨‍👩‍👧‍👦Family Living

** Families will appreciate the abundance of nearby educational institutions, with several elementary schools such as Divine Providence Kindergarten and Day Nursery and Lanterman High School within easy reach. The variety of parks and recreational facilities in the area provides ample opportunities for children to play and explore. This neighborhood fosters a sense of community that is perfect for raising children and making lasting memories. **DINING_ENTERTAINMENT:** Food lovers will delight in the diverse dining options available nearby, from the cozy 23rd Street Cafe to the exquisite Il Giardino. For a quick bite, the Tasty Wok Express food truck and Bacari W Adam? offer delicious meals on the go. Whether you're craving a casual coffee at Starbucks or a sit-down dinner with friends, the local culinary scene has something for everyone. **OUTDOOR_RECREATION:** Nature enthusiasts will find plenty of green spaces to enjoy, with Hoover Recreation Center and Saint James Park just a stone's throw away. These parks offer playgrounds, sports facilities, and picnic areas, making them perfect for weekend outings. The nearby Toberman Recreation Center also provides various recreational programs, ensuring there’s never a dull moment for outdoor lovers. **OVERALL_LIFESTYLE:** Living at 1016 W 24th means embracing a lifestyle that balances urban excitement with community warmth. The variety of nearby amenities, including schools, parks, and dining options, caters to diverse interests and needs, making it a perfect fit for families, professionals, and students alike. With convenient transit options and a welcoming spirit, this neighborhood invites residents to immerse themselves in the vibrant rhythm of Los Angeles life, creating an enriching living experience that feels like home.

🍽️Dining & Entertainment

** Food lovers will delight in the diverse dining options available nearby, from the cozy 23rd Street Cafe to the exquisite Il Giardino. For a quick bite, the Tasty Wok Express food truck and Bacari W Adam? offer delicious meals on the go. Whether you're craving a casual coffee at Starbucks or a sit-down dinner with friends, the local culinary scene has something for everyone. **OUTDOOR_RECREATION:** Nature enthusiasts will find plenty of green spaces to enjoy, with Hoover Recreation Center and Saint James Park just a stone's throw away. These parks offer playgrounds, sports facilities, and picnic areas, making them perfect for weekend outings. The nearby Toberman Recreation Center also provides various recreational programs, ensuring there’s never a dull moment for outdoor lovers. **OVERALL_LIFESTYLE:** Living at 1016 W 24th means embracing a lifestyle that balances urban excitement with community warmth. The variety of nearby amenities, including schools, parks, and dining options, caters to diverse interests and needs, making it a perfect fit for families, professionals, and students alike. With convenient transit options and a welcoming spirit, this neighborhood invites residents to immerse themselves in the vibrant rhythm of Los Angeles life, creating an enriching living experience that feels like home.

🌳Outdoor Recreation

** Nature enthusiasts will find plenty of green spaces to enjoy, with Hoover Recreation Center and Saint James Park just a stone's throw away. These parks offer playgrounds, sports facilities, and picnic areas, making them perfect for weekend outings. The nearby Toberman Recreation Center also provides various recreational programs, ensuring there’s never a dull moment for outdoor lovers. **OVERALL_LIFESTYLE:** Living at 1016 W 24th means embracing a lifestyle that balances urban excitement with community warmth. The variety of nearby amenities, including schools, parks, and dining options, caters to diverse interests and needs, making it a perfect fit for families, professionals, and students alike. With convenient transit options and a welcoming spirit, this neighborhood invites residents to immerse themselves in the vibrant rhythm of Los Angeles life, creating an enriching living experience that feels like home.

Parks & Recreation

Transit Access

Local Amenities

Grocery

Coffee & Cafes

POI data updated 1/30/2026

Last updated: Jan 23, 2026

Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.

$2,100,000