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Property Description

Discover an exceptional investment opportunity with this prime building located just a short walk from the prestigious University of Southern California. This well-maintained property features 31 units, comprising 18 one-bedroom apartments, 12 studio units, and a spacious four-bedroom, two-bathroom additional dwelling unit, catering to a diverse range of tenant needs. Currently generating over $55,000 in monthly income, this property boasts an impressive 6.20% CAP rate and an 11.63 GRM, making it a lucrative addition to any portfolio. The property is professionally managed and is fully occupied for the 2024-2025 USC school year, ensuring a steady income stream. Additionally, the property holds a Mills Act designation, providing significant property tax savings that enhance its investment potential.

Features
3
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Additional Information
Keller Williams Realty Downey
0
CLW-X88678
CLW-X81596
Michael R.
5124012021
: Standard
Multi/Split,Three Or More
32

Multi-Family For Sale

2343 Scarff Street, Los Angeles, California 90007

21,770 Sqft
$7,895,000
Listing ID #24457811
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24457811
Price : $7,895,000
Living Area : 21,770 Sqft
Lot Size : 8,782 Sqft
Year Built : 1910
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90007
Price Per Square Foot : $363
ModificationTimestamp : 2024-11-05 05:09:07
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