Located just two blocks from the University of Southern California (USC), in the USC Patrol Zone. This modern 3-unit, 18-bedroom student housing property is priced under $167k per door, offering an exceptional investment opportunity in one of the most sought-after rental markets in Los Angeles. Built in 2017,… Read More the property features contemporary finishes, spacious layouts, and in-unit amenities tailored to meet the needs of today's students. Fully leased at $17,665 per month and 13.8 GRM, the property presents significant rental upside to a 10 GRM or better. A new owner can capitalize on the strong demand for quality student housing in the USC area by bringing rents up to market and maximize cash flow and returns. With its unbeatable location, modern construction, and value-add opportunity, this asset is perfectly positioned for both immediate income and long-term appreciation. Don't miss out on this opportunity to own a turnkey, high-yield student housing properties a stones throw from USC; one of the Nations Most Esteemed Universities. Read Less
Property listed by Berkshire Hathaway HomeServices California Properties, Christopher Newell 310-207-7080
Listing Snapshot
Days Online
102
Last Updated
Property Type
Other
Beds
18
Square Ft.
5,355
Lot Size
0.16 Acres
Year Built
2017
MLS Number
25530605
30 Days Snapshot Of 90007
$1.14M
+82%
(avg) sold price
2
+100%
homes sold
38
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Dryer, Washer
Building
Built in 2017, Building area total: 5,355, Levels: Two, Living area: 5355, 2 stories, 3 buildings, Common walls: NoCommonWalls
Fireplaces
None
Heating
Central
Income
Gross income: $216,780, Net operating income: $149,834
Interior Features
CeilingFans
Lot
0.1607 acres, 7,002 square feet, Size: 7,002
Parking
Assigned, ControlledEntrance, Gated, OnStreet
Property
Zoning: LARD2
Security Features
SecurityGate
Tenant Pays
Electricity, Gas, Water
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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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