Description
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.
Property Type
Residential IncomeCounty
Los AngelesStyle
CraftsmanAD ID
48861013
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 15
Bathroom Information
- Total Baths: 8
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Dishwasher,Disposal,Refrigerator,Dryer,Washer
- Fireplace: Bonus Room,Bath,Den,Dining Room,Kitchen,Living Room
- Flooring: Tile,Wood
Cooling Features
- Central Air,Dual
- Air Conditioning
Heating Source
- Central
- Has Heating
Fireplace
- Fireplace Features: Bonus Room,Bath,Den,Dining Room,Kitchen,Living Room
- Has Fireplace: 1
-
Exterior Features
Building Information
- Year Built: 1913
- Building Area Total: 4,100
Security Features
- Security Gate,Gated Community
Laundry Features
- Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1586
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 6907
-
Listing Information
Listing Price Information
- Original List Price: 1,750,000
- Listing Contract Date: 2025-03-05
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 5040003001
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Gated,Private
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C34 - Los Angeles Southwest
- Postal Code Plus 4: 3411
- Directions: 1327 W. 35th Street | Los Angeles, CA 90007
- Zoning: LARD1.5
- Source Property Type: Residential Income
- Area: C34 - Los Angeles Southwest
Building and Construction
- Property Age: 112
- Property Condition: Updated/Remodeled
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 4100
- Levels or Stories: Multi/Split
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BuyOwner last updated this listing 04/28/2025 @ 09:55
- MLS: 25506913
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 15 bedrooms which is for sale, it has 4,100 sqft, 6,907 sized lot, and 0 parking. are nearby neighborhoods.