Le Gar Apartments 1596 W 24th St 13 Unité Immeuble d’appartements 3 090 032 $ CAD (237 695 $ CAD/Unité) 6,03% Taux de capitalisation Los Angeles, CA 90007

The SR Group of Marcus & Millichap, as exclusive listing agent, is pleased to present 1596 West 24th Street, a 13-unit apartment community in the Adams-Normandie neighborhood of Los Angeles, near the University of Southern California.
Built in 1964, the property comprises 13 units in a two-story building on an 11,626-square-foot lot. The unit mix is well balanced across nine one-bedrooms and four two-bedrooms. Residents enjoy on-site laundry and parking.
The property has approximately 28% remaining rental upside, providing a clear path for a new owner to grow income through unit turnover and renovation.
The soft-story seismic retrofit is complete, with a City-approved cost-recovery surcharge implemented. In addition, the SB 721 balcony inspection has been completed and cleared.
Adams-Normandie ranks among the city’s more historic, centrally located neighborhoods, defined by its tree-lined streets. The property earns a Walk Score of 84, with the Metro E (Expo) Line and Rapid bus service nearby and freeway access in every direction, placing Koreatown, Downtown, and the Westside within a short drive.
Exposition Park—home to the Los Angeles Memorial Coliseum and BMO Stadium—lies minutes south and will host events during the 2028 Summer Games. Ahead of the Games, Los Angeles is advancing a wave of transit and infrastructure investment across the city, public spending that stands to support property values across the surrounding submarket.
For an investor taking a longer view of the central Los Angeles market, 1596 West 24th Street offers a well-maintained asset with remaining rental upside in a USC-anchored submarket.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.