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… Read More 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. Read Less
Property listed by Keller Williams Los Angeles, Michael R. Fukushima 562-334-1500
Listing Snapshot
Days Online
5
Last Updated
Property Type
Other
Beds
15
Square Ft.
6,671
Lot Size
0.16 Acres
Year Built
1912
MLS Number
25546793
30 Days Snapshot Of 90007
$503k
0%
(avg) sold price
85
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasRange, Microwave, Dryer, Washer
Building
Built in 1912, Building area total: 6,671, Levels: Two, Living area: 6671, 2 stories, 2 buildings, Architectural style: Craftsman
Cooling
CentralAir
Floors
Wood
Heating
Central
Income
Gross income: $159,264, Net operating income: $112,395
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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