1978 Estrella Ave, Los Angeles, CA 90007

SELLER OPEN TO CARRYING BACK A LOAN. We are pleased to present the exclusive listing of 1978 Estrella Avenue, a ten-unit multifamily building located in Los Angeles. Comprised of (8) one-bedroom, one-bathroom units (5 of which are currently vacant), and (2) vacant, studio, one-bathroom units (one non-conforming), with a total of 3,752 rentable square feet. The property has undergone extensive renovations, including a new foundation and building elevation, new drywall, sun wall construction, new insulation, and updated electrical panels. Additionally, the roof, plumbing, and electrical systems are new as of 2018. All utilities are paid by the landlord, with tenants contributing $125 each towards utilities. The property also features onsite laundry facilities and ample parking, with 10 spots at the back and 2 in the front. The property is located in a vibrant and strategic area offering numerous advantages for residents and investors alike. Situated right off the 110 freeway, the property provides excellent connectivity to major transportation routes. It is just minutes away from the University of Southern California (USC) campus and University Village, a hub of student activity featuring shops, restaurants, and entertainment options. The neighborhood is part of the DPS (Department of Public Safety) Patrol Zone, ensuring a higher level of security and safety, which is particularly appealing to students and young professionals. Residents benefit from easy access to public transportation, including bus lines and metro stations. The property is also near various cultural and recreational spots, such as Exposition Park, which houses museums, gardens, and the Los Angeles Memorial Coliseum. Additionally, the property offers the potential for Section 8 rents and is in close proximity to Mount Saint Mary's University LA (Doheny Campus) making it an attractive option for physical therapy students. It is less than a minute walk to MSMU and a quick 5-minute car ride or 6-minute bike ride to USC, enhancing its appeal to the student population. In summary, 1978 Estrella Avenue represents an excellent value-add opportunity, with significant potential for rental income growth and occupancy improvement. With recent capital improvements, and its prime location makes it ideal for student housing, providing a steady demand for rental units, this property promises strong rental potential and long-term value appreciation.