1016 W 24th, Los Angeles, CA 90007
Local realty services provided by:CENTURY 21 Allstars
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
Contact an agent
Home facts
- Year built:1964
- Listing ID #:SR26014675
- Added:3 day(s) ago
- Updated:January 25, 2026 at 11:31 AM
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
New listings near 1016 W 24th
- New
$600,000Active2 beds 4 baths257 W 42nd, Los Angeles, CA 90037
MLS# SB26017462Listed by: EXP REALTY OF CALIFORNIA INC - New
$2,950,000Active7 beds 4 baths2,900 sq. ft.12 E 27th Avenue, Venice, CA 90291
MLS# 25627765Listed by: WEALTH ROAD REALTY - New
$699,999Active3 beds 1 baths1,932 sq. ft.1737 E Gage, Los Angeles, CA 90001
MLS# OC26017750Listed by: FOUR BROTHERS REAL ESTATE, INC. - New
$2,099,000Active-- beds -- baths1,402 sq. ft.908 - 910 Victoria, Venice, CA 90291
MLS# SR26016884Listed by: COMPASS - New
$1,585,000Active3 beds 3 baths1,698 sq. ft.5445 Agnes Avenue, Valley Village, CA 91607
MLS# 26642299Listed by: JOHN THOMS PROPERTIES - New
$850,000Active-- beds -- baths1,691 sq. ft.3261 Eagle Street, Los Angeles, CA 90063
MLS# CV26017592Listed by: KELLER WILLIAMS - New
$650,000Active3 beds 3 baths1,429 sq. ft.9001 Owensmouth #28, Canoga Park, CA 91304
MLS# IV26017277Listed by: BILTMOREWEST REALTY - New
$3,500,000Active7 beds 8 baths9,276 sq. ft.10425 Melvin, Porter Ranch, CA 91326
MLS# SR25259786Listed by: KELLER WILLIAMS VIP PROPERTIES - New
$1,199,900Active3 beds 3 baths2,129 sq. ft.4404 San Blas, Woodland Hills, CA 91364
MLS# SR26017686Listed by: COLDWELL BANKER REALTY - New
$680,000Active3 beds 1 baths1,140 sq. ft.10517 Cimarron Street, Los Angeles, CA 90047
MLS# 26642715Listed by: EXP REALTY OF SOUTHERN CALIFORNIA, INC.