1016 W 24th Street Los Angeles, CA ^$ 3,000,000

1016 W 24th Street

^$ 3,000,000

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1016 W 24th Street

Los Angeles, CA, 90007

^$ 3,000,000

Studio Baths0.0 Sq 8,563

Monthly Estimate*

^$ 18,716

Listed by Luxury Collective

1016 W 24th Street, Los Angeles, CA 90007 - Image 1

1016 W 24th Street, Los Angeles, CA 90007 - Image 2

1016 W 24th Street, Los Angeles, CA 90007 - Image 3

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $3,000,000. This 8,563 square foot home was built in 1964 on a lot size of 0.1659.

Investor’s Dream in Prime Location! Exceptional opportunity to own a 14-unit vacant building in a highly sought-after neighborhood. Property is currently vacant and ready for your vision — perfect for a full renovation or value-add project. Solid structure with great potential for strong rental income once updated. Situated in a desirable area with close proximity to shopping, dining, public transportation, and major freeways. Whether you’re an experienced developer or a first-time investor ready to take on a larger project, this property offers endless possibilities. Don’t miss your chance to bring this building back to life and maximize its earning potential!

Multi-Family Pending

Price

^$ 3,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1659

Year Built

1964

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR25188061

Days on Market

130

Features

General

Sewer Public Sewer Unknown

Garage Spaces 8

Pool Features None

Year Built 1964

Property Subtype Apartment

Gross Income 389000

Community Features Street Lights Suburban Valley

County Los Angeles

Net Operating Income 25000

Operating Expense 25000

Insurance Expense 4500

New Construction false

Property Type Residential Income

Garage Y/N true

Special Listing Conditions Standard

Status Pending

Directions Fwy

City Los Angeles

Entry Location 2

Senior Community Y/N false

Number Of Units Total 14

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 7225

Listing Terms Cash to New Loan

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 5600

Fuel Expense 0

Trash Expense 200

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Pending

Year Built Source Assessor

Tax Lot 16

Property Sub Type Additional Apartment

Interior

Total Stories 3

Common Walls No Common Walls

Laundry Features Common Area

Entry Level 1

Exterior

Lot Features 0-1 Unit/Acre

Water Source Public

Total Parking 8

Lot Size Area 7225

Number of Buildings 1

Building Area Total 8563

Lot Size Acres 0.1659

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 14

Number of Separate Gas Meters 14

Number of Separate Electric Meters 14

* Excluded Features

List By

Luxury Collective

Broker

jaylabertin@gmail.com

Affordability Calculator

$18,716

Per Month

Monthly Principal & Interest: $18,716
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,941,045

Percent of Sale Price 35%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$3,000,000		Listed Price

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1016 W 24th Street, Los Angeles, CA, 90007 is a Multi-Family Home for sale at $3,000,000 with 8,563 sqft and a lot size of 0.1659. 1016 W 24th Street is a studio with 0.0 baths and was built in 1964. The property's zip code is 90007 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/27/2025. 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.

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1016 W 24th Street

Multi-Family Home for sale in Los Angeles, CA

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