Description
We are pleased to present the opportunity to acquire this vacant ten (10) unit Student Housing investment, located in the highly desirable DPS Patrol Zone, and blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,929 square foot lot. The asset is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1-bedroom + 1-bathroom units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, and recently painted. To further increase cash flow, the site offers an expansive 11,929sf lot, zoning ordinance of LARD1.5, which allows an investor the opportunity to build additional units & ADU's towards the back of the lot. (Buyer to independently verify the accuracy and all information through personal inspection with appropriate professionals).
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10BEDS
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0.27ACRES
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0BATHS
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01/2 BATHS
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4,552SQFT
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$516$/SQFT
School Ratings & Info
Description
We are pleased to present the opportunity to acquire this vacant ten (10) unit Student Housing investment, located in the highly desirable DPS Patrol Zone, and blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,929 square foot lot. The asset is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1-bedroom + 1-bathroom units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, and recently painted. To further increase cash flow, the site offers an expansive 11,929sf lot, zoning ordinance of LARD1.5, which allows an investor the opportunity to build additional units & ADU's towards the back of the lot. (Buyer to independently verify the accuracy and all information through personal inspection with appropriate professionals).
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T08:31:19.177. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.