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17 photos
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$2,035,000
Est. payment /mo
15 Beds
4,016 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,016 sqft
Price per Sqft $506
MLS Listing ID CL25562037
Bedrooms 15
HOA Y/N No
Year Built 1906
Lot Size 7,427 Sqft
Acres 0.17
Property Sub-Type OTHER
Property Description
We are pleased to offer the opportunity to acquire two (2) student housing Single Family Residences, consisting of 11-bedrooms, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The front Single-Family Residence was built in 1913, offering 6-bedrooms + 3-bathrooms. Fully occupied with USC students, this 2,508 SF home boasts hardwood floors, a spacious kitchen with island, in-unit washer/ dryer, and elegant touches throughout. Tenants pay for all gas, electricity, and water/trash.The 2nd Single family Residence was newly constructed in 2020, offering 5-bedrooms + 4-bathrooms, with a total rentable square footage of 1,508 SF. This brand-new construction house is also fully occupied with USC students, featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. Tenants pay for all gas, electricity, and water/trash.Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC s
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Central
Cooling Other
Flooring Wood
Fireplace No
Laundry Dryer, Washer, Other, See Remarks
Exterior
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 5054033005
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Listed by Davis Saadian • Keller Williams Hollywood Hills
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