For Sale For Rent
Advertise
bedrooms
bedrooms
15
bathrooms
bathrooms
0
square feet
square feet
4,100
acreage
Acreage
0.1586
open houses
Open Houses
-
year built
year built
1913
full baths
Full Baths
0
half baths
Half Baths
0
We are pleased to offer the opportunity to acquire two (2) single-family residences, consisting of 15-beds which can fit up to 19-beds. The properties are located in the highly desirable DPS Patrol Zone, and just minutes to the University of Southern California (USC).The two restored Craftsman homes were completely updated & remodeled in 2015 - featuring polished hardwood floors, stainless steel kitchen appliances, granite counter tops, and in-unit washer & dryers. Both properties have updated copper plumbing, electrical systems, new roofs, and central HVAC.The structures were built in 1913, constructed of wood frame and stucco on a raised foundation, with a total square footage of 4,100 SF, on a 6,905 SF lot, zoned LARD1.5. The buildings have been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of one (1) 8-bedroom + 6-bathroom SFR, and one (1) 4-bedroom + 2-bathroom SFR. The bedrooms are spacious and furnished with beds, armoires, desks, mini-fridges, and individual thermostat controls. Combined with parental guarantees on some 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 students and young working professionals, fully leased with a gross income of $13,600/month. There's approximately 20% potential upside in rents, which an investor can achieve closer to about $17,400/month. The expansive lot size allows an investor to add even more value to the property by constructing a 3-bedroom + 3-bathroom ADU to further increase cash-flow (buyer to verify). Currently priced at a 7% Cap Rate Excellent cash-flow investment opportunity. Please email for the Executive Summary/ Financial Analysis.
Location
Subdivision -
County Los Angeles
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 25506913
Listing agent: Davis Saadian
Listing broker: Keller Williams Santa Monica (310) 482-2200
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Thursday, March 6 2025 at 5:43 p.m. EST
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