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$ 1,525,000
Est. payment | /mo
6,671 SqFt
$ 1,525,000
Est. payment | /mo
6,671 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,671 sqft
Price per Sqft $228
MLS Listing ID CL25546793
HOA Y/N No
Year Built 1912
Lot Size 6,999 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
CASH COW! An exceptional opportunity to own a 6-unit private student housing property near the University of Southern California. Located within USC's Department of Public Safety Patrol Zone and Campus Cruiser area, this asset offers immediate income with a 6.9% CAP Rate. The property includes a renovated 4-unit building built in 1912 with one fully remodeled unit featuring new plumbing, HVAC, electrical, kitchen, baths, flooring, lighting, doors, windows, and upgraded main water line and electric panel. In addition, there is a brand new 2-story ADU built in 2024 with two 3-bedroom, 3-bathroom townhome-style units designed for student living with modern finishes and efficient systems. The property offers potential for up to 30 beds with double occupancy layouts and is within walking distance to USC Campus, Metro Line, USC Village, and Exposition Park, property located within DPS patrol zone and ride share program. the property is surrounded by strong student rental demand! This investment combines strong existing income with major upside through student unit conversions.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Central Air
Flooring Wood
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5124002010
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Listed by Michael R. Fukushima • Keller Williams Los Angeles
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