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1676 W 24th Street, Los Angeles, California 90007, Los Angeles, 90007 - 6 bed, 3 bath

1676 W 24th Street, Los Angeles, California 90007 home-pic-0
ACTIVE$1,300,000
1676 W 24th Street, Los Angeles, California 90007
6Beds
3Baths
3,559Sqft
6,039Lot
Year Built
1903
Close
-
List price
$1.3M
Original List price
$2M
Price/Sqft
$365
HOA
-
Days on market
-
Sold On
-
MLS number
OC24140629
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.30M(91th), sqft - 3559(82th), beds - 6(55th), baths - 3(50th).

INVESTORS AND DEVELOPERS, WE ARE BACK ON THE MARKET AND LOOKING FOR CASH OFFERS TO CLOSE QUICKLY! Situated close to USC Village (USC students already securing housing for 2024-2025 school year, perfect time to market for lease to local students!), the LAFC MLS Champions BMO Stadium, Coliseum, and the upcoming George Lucas Narrative Art Museum, this property is a dream come true. And wait, there's more! Get your hands on approved plans for a fabulous 4-bed, 4-bath ADU, with estimates available upon request. Don't miss out on this opportunity, act fast while the magic is happening and enjoy a range of builder options. It's time to dive in and make your move - just remember to double-check the details, buyer and buyer’s agent to perform due diligence and accuracy of square footage and permits and rental ordinances.

Price History

Date
Event
Price
07/28/25
Sold
$1,075,000
12/13/23
Sold
$950,000
10/11/19
Sold
$785,000
Condition Rating
Poor
Built in 1903, this property is in need of substantial repairs and rehabilitation. The images reveal an extremely outdated kitchen with old cabinets, laminate countertops, and what appears to be a very old stove and flooring. The bathrooms are similarly dated with old vanities, fixtures, and tile. Throughout the house, flooring is worn (scratched hardwoods, old carpet), and light fixtures are antiquated. The property description explicitly states 'Extensive Renovation Required' for its systems (electrical, plumbing, HVAC) and aesthetics, and it's marketed towards 'INVESTORS AND DEVELOPERS' for its potential, not its current condition. The call for 'cash offers' and emphasis on 'due diligence' further suggest significant underlying issues and a property far from move-in ready.
Pros & Cons

Pros

Strategic Location: The property's proximity to USC Village, BMO Stadium, the Coliseum, and the upcoming George Lucas Narrative Art Museum makes it highly desirable for student housing and future appreciation.
Approved ADU Plans: Existing approved plans for a 4-bed, 4-bath ADU offer a significant value-add opportunity, streamlining the development process for increased rental income or property value.
Substantial Property Size: With 6 bedrooms and 3559 sqft, the property provides ample space, ideal for multi-tenant configurations or a large family, catering to the local student rental market.
Motivated Seller: A substantial price reduction from the original list price and the explicit request for quick cash offers indicate a highly motivated seller, potentially allowing for a favorable negotiation.
High Income Potential: The combination of a large main house and an approved ADU in a high-demand rental area (USC) presents significant potential for robust rental income.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-28. The sold price is $1,075,000.00.
Significant Overpricing: The current list price of $1.3M is considerably higher (31%) than the estimated market value of approximately $885K, suggesting a potential overvaluation that may deter buyers or require a substantial price adjustment.
Extensive Renovation Required: Built in 1903, the property is likely in need of significant modernization and updates to its systems (electrical, plumbing, HVAC) and aesthetics, implying substantial capital expenditure for a full renovation.
Cash Offer & Due Diligence Emphasis: The explicit call for 'cash offers' and the strong emphasis on buyer due diligence suggest potential complexities or a need for a buyer capable of a quick, unencumbered transaction, possibly indicating underlying issues or a property not suitable for traditional financing.

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