Property listed by Real Estate eBroker Inc., Ying Luo 760-722-3222
$1,399,900
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… Read More 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. Read Less
Listing Snapshot
Days Online
7
Last Updated
Beds
10
Square Ft.
3,630
Lot Size
0.16 Acres
Year Built
1920
MLS Number
26650049
Additional Details
Appliances & Equipment
ConvectionOven, Dryer
Building
Built in 1920, Living area: 3630.0, 1 building, 2 stories, Levels: Two
Cooling
HeatPump
Fireplaces
Bath, DiningRoom, Electric, Gas, Kitchen
Heating
NaturalGas
Income
Gross Income: $144,000, Net Operating Income: $127,200
Laundry
InKitchen, Stacked
Lot
0.158 acres
Parking
12 total parking spaces, Driveway
Property
UpdatedRemodeled
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Taxes
Parcel Number: 5053034014, Zoning: LARD1.5
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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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