1016 W 24th , Los Angeles, CA 90007
$1,800,000
Est. Payment: $9,057.32/mo
0 Bed
0 Bath
6000 Sqft
Status: pending | Days on site: 88
Get Pre-Qualified
VCR-C15903466 - VCR-C159091383,VCR-C159052275

By providing your number, you are expressly consenting, in writing, to receive telemarketing and other messages, including calls or texts at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply. Text STOP to cancel.

This site is protected by reCAPTCHA and the GooglePrivacy Policy and Terms of Service apply.

House Description

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 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 creates generational wealth

Highlights

Listed by Ivette Bertin , 818-915-0160 and Sabrina Villa , 661-779-0025 Luxury Collective , 424-395-4841. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
0.17

Year Built

1964

County

Los Angeles

Area

699 - Not Defined

Listing ID

SR26020163

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Other:See Remarks

Exterior Features

Lot:0-1 Unit/Acre,No Land Lease
Others:2+ Total Units
Principal Interest
$9,057
Taxes
$1,148

Home Price

$1,800,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$360,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,057.32

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,057.32 $1,147.50 $0.00 $10,204.82
Yearly $108,687.79 $13,770.00 $0.00 $122,457.79
Total $3,260,633.56 $413,100.00 $0.00 $3,673,733.56

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Aug 2026

Average Price

All Price Ranges
N/A
Aug 2026

Average Days on Market

All Price Ranges
N/A
Aug 2026
Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T08:36:43.000Z

© 2026 CRMLS/Multi-Regional MLS

MLS Logo - CRMLS/Multi-Regional MLS