Property listed by Keller Williams Beverly Hills, Lee Ziff 310-432-6400
$1,600,000
Look at this Gross Income - $160,080.!! Located in the coveted USC Security Patrol Zone and just 3 blocks from campus, this exceptional student housing investment is a high-performing asset in one of Los Angeles' most sought-after rental markets. The University of Southern California is world renown and… Read More one of the top rated institutions in the country. Because of proximity to campus, this property consistently commands premium rents, catering to both USC students and young professionals. Property includes two beautifully restored Craftsman residences totaling 12 bedrooms, with the potential to accommodate up to 19 occupants. Originally built in 1913 and beautifully renovated, the residences feature polished hardwood floors, granite countertops, stainless steel appliances, laundry, central HVAC, and updated systems including copper plumbing, electrical, and roofing. Each bedroom is spacious and well-appointed with furnishings such as beds, desks, armoires, and mini-fridges, along with individual climate controls. The property also offers on-site parking, secure entry, and additional amenities that enhance tenant appeal. This is a turnkey investment with excellent operating fundamentals. With the addition of the brand-new George Lucas Museum, the LAFC Stadium, upcoming 2028 Olympic events and much more, this location will continue to see increasing demand, and huge long-term growth. Read Less
Listing Snapshot
Days Online
1
Last Updated
Beds
12
Square Ft.
4,108
Lot Size
0.16 Acres
Year Built
1913
MLS Number
26671253
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1913, Living area: 4108.0, 2 buildings, 3 stories, Levels: MultiSplit
Heating
Central, Zoned
Income
Gross Income: $160,080
Lot
0.1586 acres
Parking
5 open parking spaces, 5 total parking spaces, ElectricGate
Taxes
Parcel Number: 5040003001, 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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