We are pleased to present an opportunity to invest in USC student housing. It is located within a mile of the main campus and within a couple of blocks of the Metro Expo Line. The asset consists of two buildings. There is a completely renovated, 5-bedroom 5-bathroom single family… Read More residence at the front of the lot with each bedroom being rented out individually. Right behind it is a 3 story Duplex and ADU. The Duplex was built in 2020 and is comprised of (2) 3-bedroom 3-bathroom units. The ADU, which was completed in 2023, is also 3 bedrooms and 3 bathrooms. The entire complex is leased to USC students. There is high demand for newer, updated student housing, which makes this investment even more attractive. The location is situated in the USC DPS security zone, which provides tenants and owners with peace of mind. The site is also within walking distance to the Metro Expo Line station offering easy access to everything LA, from the beach to DTLA. It is also a stone's throw from the LA Coliseum, home of the USC Trojan Football team, the LAFC Soccer Stadium, Exposition Park, the Natural History Museum of LA County and the George Lucas Museum of Narrative Art. Read Less
Property listed by McAlpin & Company, Jerome McAlpin 310-437-4172
Listing Snapshot
Days Online
117
Last Updated
Property Type
Other
Beds
14
Square Ft.
4,956
Lot Size
0.15 Acres
Year Built
1915
MLS Number
24433527
30 Days Snapshot Of 90007
$883k
-13%
(avg) sold price
2
-33%
homes sold
72
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator
Building
Built in 1915, Building area total: 4,956, Levels: MultiSplit, Living area: 4956, 2 buildings, Architectural style: Contemporary
Cooling
CentralAir
Floors
Laminate
Heating
Central
Income
Gross income: $265,800, Net operating income: $202,593
Lot
0.1516 acres, 6,603 square feet, Size: 6,603
Parking
None
Property
Zoning: LARD2, CityLights
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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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