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$ 1,399,900
Est. payment | /mo
10 Beds
3,630 SqFt
$ 1,399,900
Est. payment | /mo
10 Beds
3,630 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,630 sqft
Price per Sqft $385
MLS Listing ID CL26650049
Bedrooms 10
HOA Y/N No
Year Built 1920
Lot Size 6,883 Sqft
Acres 0.16
Property Sub-Type OTHER
Property Description
9.1% Cap Rate + ADU potential! We are pleased to offer the opportunity to acquire this high yield Duplex, featuring 10-bedroom + 9-bathroom Student Housing investment opportunity, blocks to the University of Southern California (USC). The duplex is approximately 3,630 rentable square feet on a 6,881 square feet lot, was fully remodeled in 2020 with city permit, featuring brand new exterior stucco/paint, completely updated bathrooms with new electrical, plumbing, sewer and gas lines, brand new portable AC systems, and in-unit washer & dryer on each floor. The investment is 100% occupied with students/graduates and fully leased for the 2025-2026 academic school year. With a consistent 100% occupancy rate, this asset offers a low-risk, stable investment with strong potential for continued growth and excellent operating fundamentals. The property generates a gross income of $12,000 per month, with tenants responsible for all utilities, including water/gas/electricity. Additionally, the large 6,881 SF (LARD1.5 zone, TOC Tier 2) lot presents an opportunity for further cash flow enhancement by constructing ADUs. DO NOT DISTURB THE TENANTS. Showing by Appointment only.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Natural Gas
Cooling Heat Pump
Fireplace No
Laundry Dryer, Other, In Kitchen
Exterior
Total Parking Spaces 12
Building
New Construction No
Others
Tax ID 5053034014
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Listed by Ying Luo • Real Estate eBroker Inc.
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