1016 W 24th, Los Angeles, CA 90007

• 6,000 sqft

Property 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

Listing Status:

Active

Date Added:

January 28, 2026

Data Last Updated:

February 7, 2026 at 11:18PM

Listing Office:

Luxury Collective : 424-395-4841

Listing Agent:

Ivette Bertin : 424-395-4841

MLS ID:

SR26020163

Interior

• Laundry: Common Area

Construction

• General: 3

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 5124008020

Utilities

• Water: See Remarks

Financial

• Source: CRMLS_CRM