Thank you
Anna Kadinowa
Christie's AKG
424-249-7162
Introducing an exceptional Student Housing Portfolio featuring three free-standing houses and six parking spots, ideally situated just two blocks west of USC within the DPS patrol and Lyft zone, offering students convenient and complimentary transportation services. The property boasts full occupancy with USC students, secured by 1-year lease agreements typically backed by parents. All student leases start August 1st, and end July 29th the next year. All current students are graduating this year - property could be delivered vacant by July 29, 2024. Each one-story house underwent extensive remodeling, including updates to plumbing, electric and sewer systems, bathrooms, kitchens, tiled flooring, granite countertops, and appliances. The configuration includes two 2-bedroom, 1-bathroom houses, alongside a unique 1-bedroom, 1-bathroom house utilized as two separate rooms. Each house offers a distinct floor plan with dual entrances, ensuring added privacy for each student. Surrounded by lush greenery, the property features on-site laundry facilities and bike racks. This emphasis on privacy and natural surroundings appeals to students seeking the comforts of a home over multi-unit buildings. This investment opportunity presents a prime chance for investors to acquire a premier student housing portfolio in the desirable USC submarket. For developers/investors, the option to acquire the adjacent property at 1270 W 35th Place further enhances the opportunity, enabling the development of multi-unit student housing on a sizable combined lot of 9,636 sq ft, a rarity in this area. Or living in one house and renting out others can be a smart financial move, providing you with a stable income stream while potentially helping you build equity in the properties you own. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS. ALL OFFERS DUE ON 5/8/24 AT 5 PM.
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Total Bedrooms : 5
Total Baths: 3
Full Baths: 0
Half Baths: 0
Property Appliances: Refrigerator
Electric
Has Heating
Year Built: 1920
Building Area Total: 1,552
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1085
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4725
Original List Price: 995,000
Listing Contract Date: 2024-04-26
Listing Agreement: Seller Reserved
Parcel Number: 5040006006
Garage Description: Carport
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C34 - Los Angeles Southwest
Postal Code Plus 4: 3401
Directions: Google Maps
Zoning: LARD1.5
Source Property Type: Residential Income
Area: C34 - Los Angeles Southwest
Property Age: 104
Year Built Source: Vendor Enhanced
Total Square Feet Living: 1552
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1415 W 22nd Street, Los Angeles, CA,90007 | $1,047,500 | 5 | -- | 2,189 | 5997 Sqft |
1421 W 22nd Street, Los Angeles, CA,90007 | $1,047,500 | 5 | -- | 2,189 | 6290 Sqft |
2754 Kenwood Avenue, Los Angeles, CA,90007 | $1,625,000 | 5 | 3 | 3,502 | 9004 Sqft |
1459 W 29th Street, Los Angeles, CA,90007 | $1,299,000 | 7 | -- | 2,986 | 7487 Sqft |
2723 S Budlong Avenue, Los Angeles, CA,90007 | $1,999,999 | -- | -- | 7,294 | 7771 Sqft |
2220 Raymond Avenue, Los Angeles, CA,90007 | $1,600,000 | 8 | 4 | 4,864 | 6750 Sqft |
1362 W 37th Drive, Los Angeles, CA,90007 | $750,000 | 3 | 2 | 1,276 | 4501 Sqft |
1156 W 25th Street, Los Angeles, CA,90007 | $1,000,000 | 6 | -- | 3,588 | 5938 Sqft |
2112 Toberman Street, Los Angeles, CA,90007 | $1,595,000 | -- | -- | 4,208 | 5496 Sqft |
1275 W 37th Drive, Los Angeles, CA,90007 | $1,500,000 | 5 | 3 | 1,786 | 6602 Sqft |
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ByOwner last updated this listing 05/20/2024 @ 19:14
MLS: 24377199
LISTED BY: Anna Kadinowa, Christie's AKG
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.