We are pleased to offer for sale a 4-unit (3 + 1 ADU), 13-Bedroom student housing community located at 1030-1032.75 West 23rd Street. The property is situated north of Adams Boulevard and east of Hoover Street, within the USC Patrol Zone.The location offers walking-distance access to popular cafs, restaurants, and… Read More entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.Situated on an 5,304-square-foot lot, the property features two two-bedroom units, one four-bedroom units, and one newly constructed five-bedroom ADU. All units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students.1030 West 23rd street presents investors with a opportunity to acquire a well-managed USC student housing community within the sought-after USC Patrol ZoneThe Property is part of a five-property offering consisting of: (1) 1139-1143.75 West 27th Street (2) 2370-2372.5 Portland Street (3) 1030-1032.75 West 23rd Street (4) 1140-1142 West 25th St (5) 2325-2327 Portland Street. Properties may be purchased individually or in any combination thereof. Read Less
Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
Listing Snapshot
Days Online
8
Last Updated
Beds
13
Square Ft.
4,480
Lot Size
0.12 Acres
Year Built
1898
MLS Number
26638857
Additional Details
Building
Built in 1898, Living area: 4480.0, 2 buildings, 2 stories, Levels: Two
Income
Gross Income: $199,740, Net Operating Income: $132,551
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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