$7,895,000
- Beds
- 34
- sq ft
- 21,770
2343 Scarff St, Los Angeles, CA 90007
2343 Scarff St
Los Angeles, CA 90007
- 22 days on market
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.
Details
Property type
Lot size
8,782 sq ft
Price per sq ft
$363
Year built
1910
HOA
No
Price History
10/28/2024
CLAW #24457811
Listed
$7,895,000
Schools & Community
Neighborhood:
University Park
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 11/19/2024 at 9:45 AM
Listing updated: 11/05/2024 at 5:15 AM
Listed by: Michael R. Fukushima, Keller Williams Realty Downey Phone #: (562) 334-1500
MLS: CLAW #24457811
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