$7,895,000
2343 Scarff Street
Los Angeles, CA, 90007
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.
Property Details
Price:
$7,895,000
MLS #:
24457811
Status:
Active
Baths:
0
Address:
2343 Scarff Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Oct 28, 2024
State:
CA
ZIP:
90007
Lot Size:
8,782 sqft / 0.20 acres (approx)
Year Built:
1910
Schools
Interior
Appliances
Refrigerator
Cooling
None
Heating
None
Exterior
Parking Features
None
Parking Spots
0.00
Stories Total
3
Financial
Tenant Pays
Gas, Electricity
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Courtesy of Keller Williams Realty Downey. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 2343 Scarff Street
Los Angeles, CA
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