We are pleased to present a rare opportunity to acquire a vacant, rent-ready student housing single-family residence located just one block from the University of Southern California (USC) in the highly sought-after DPS Patrol Zone. This 5-bedroom, 2-bathroom home offers approximately 1,057 square feet of rentable space on a 2,667… Read More square foot lot zoned LARD2, making it ideal for student housing or co-living arrangements.Given its proximity to USC and the USC Village, this property presents significant income potential, with market rents projected at approximately $1,200 per bedroom. The investment is attractively priced at an 8% cap rate, offering strong returns with minimal operating expenses, as tenants are responsible for covering all utilities including water, trash, gas, and electricity.In addition to its premium location near campus, the property is just a short walk from the Metro Expo Line, providing convenient access to both Downtown Los Angeles and the Westside. It is also located near Exposition Park, home to major cultural and sports destinations including the LA Memorial Coliseum, BMO Stadium (home of LAFC), and the upcoming George Lucas Museum of Narrative Art. With Exposition Park set to host key events for the 2028 Los Angeles Olympics, this area continues to grow in both prominence and investment appeal.This is a excellent opportunity to own a well-positioned, high-demand rental property in one of Los Angeles' most dynamic and rapidly developing neighborhoods. Read Less
Property listed by Keller Williams Hollywood Hills, Davis Saadian 310-623-1300
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
5
Square Ft.
1,057
Lot Size
0.06 Acres
Year Built
1912
MLS Number
25549173
30 Days Snapshot Of 90007
$503k
0%
(avg) sold price
85
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1912, Building area total: 1,057, Levels: One, Living area: 1057, 1 story, 1 building
Income
Gross income: $72,000, Net operating income: $59,927
Lot
0.0612 acres, 2,667 square feet, Size: 2,667
Parking
2 totals parking
Property
Zoning: LARD2
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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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