Properties

Los Angeles, CA 90007 1016 W 24th

Presented By: Ivette Bertin with Luxury Collective; 818-915-0160
  • MLS# SR26020163
  • 01/28/2026
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  • Baths • 5
  • SQFT • 6,000

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RARE INVESTMENT OPPORTUNITY โ€“ 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 areaโ€™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 todayโ€™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
Presented By: Ivette Bertin with Luxury Collective; 818-915-0160

Interior Features for 1016 W 24th

Other Interior Features

LivingAreaSourceEstimated
Laundry FeaturesCommon Area
Total Stories3

Other Rooms

Entry Level1

General for 1016 W 24th

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLos Angeles
CountyLos Angeles
Current FinancingNone
Directionsuniversity
Listing TermsCash
Lot Size Square Feet7225
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
Number Of Units Total14
Occupancy TypeTenant
PostalCityLOS ANGELES
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1964

Exterior for 1016 W 24th

Building Area Total6000
Lot Features0-1 Unit/Acre
Lot Size Acres0.1659
Lot Size Area7225
Lot Size SourceAssessor
Water SourceSee Remarks

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,000,000
MLS#SR26020163
List Date 01/28/2026
Property Type Commercial
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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