Exceptional 8-Unit Value-Add Opportunity in Prime USC Secure Zone! Located directly across from Richardson Family Park, this rare multifamily offering presents tremendous upside with over 80% rental growth potential. At pro-forma rents, the property achieves a double-digit cap rate exceeding 10%, making it one of the most attractive investment opportunities… Read More in the USC area.The property features a highly desirable unit mix of six 2BR/1BA units and two 1BR/1BA units, with an impressive average unit size of 822 SF. Situated on a 7,715 SF lot, the building includes 8 on-site parking spaces and is separately metered for gas and electricity, ensuring low operating expenses. Additionally, the electrical service panel has been recently upgraded, further reducing future capital needs. With its unbeatable location in the USC Secure Zone and proximity to USC campus, BMO Stadium, the new Lucas Museum, Exposition Park, and an abundance of dining and entertainment options, this property is a prime investment poised for immediate and long-term growth. Read Less
Property listed by Keller Williams Larchmont, Vinnie Park 323-762-2600
Listing Snapshot
Days Online
8
Last Updated
Beds
14
Square Ft.
7,318
Lot Size
0.18 Acres
Year Built
1931
MLS Number
26641759
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1931, Living area: 7318.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
NaturalGas
Income
Gross Income: $114,231, Net Operating Income: $70,057
Lot
0.1785 acres, Dimensions: 58x134
Parking
8 total parking spaces, Assigned
Taxes
Parcel Number: 5054015017, Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Join our email list to have access to the best off market listings in Los Angeles.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Michael Harby
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
