Est. mensual: $7,255 Recalcular
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Multifamiliar (2-4 unidades)Número de MLS: #24-434415
We are pleased to offer the opportunity to acquire two (2) turn-key student housing Single Family Residences, consisting of 11-bedrooms, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property and all eleven (11) bedrooms were completely updated & remodeled in 2022 - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, updated copper plumbing, double pane windows, and individually metered for gas & electricity. The building is approximately 4,016 rentable square feet on a 7,425 square foot lot, consisting of two houses: (1) 6-bedroom + 3-bathroom house, & (1) 5-bedroom + 4-bathroom house. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2024-2025 year, with a gross income of $13,450/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $15,000/month. The expansive lot size allows an investor to add even more value to the property by constructing a 4-bedroom + 4-bathroom ADU to further increase cash-flow (about $6,000/month), generating an even higher yield/ net income. Completed project will gross approximately $21,00/Month - $252,000/Year. Landlord expenses are significantly minimal as the tenants pay for all water, trash, gas & electricity. Currently priced at a 6.5% cap rate excellent cashflow investment opportunity.Características de la propiedad
Antigüedad: | Más de 50 años de antigüedad |
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Amenidades: | Puerto |
Estilo arquitectónico: | Artesanal |
Área del lote: | 0.17 Acres |
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Escuela primaria
VERMONT AVENUE ELEMENTARY
0.1
MillasVer detalle
Escuela secundaria (ciclo básico)
FOSHAY LEARNING CENTER
1.0
MillasVer detalle
Escuela secundaria (ciclo superior)
MANUAL ARTS HIGH SCHOOL
1.5
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
John W. Mack Elementary | 0.2 mi | Public | KG-5 | D+ |
St Agnes School | 0.2 mi | Private | PK-8 | |
Stem Preparatory Elementary School | 0.5 mi | Public | KG-5 | D+ |
Lenicia B. Weemes Elementary | 0.6 mi | Public | PK-5 | C |
Los Angeles Christian School | 0.6 mi | Private | KG-8 | |
Sophia T. Salvin Special Education Center | 0.7 mi | Public | KG-10 | |
Camino Nuevo Elementary #3 | 0.7 mi | Public | KG-8 | C- |
Thirty-second Street Usc Performing Arts | 0.7 mi | Public | KG-12 | A- |
West Adams Preparatory High School | 0.7 mi | Public | 9-12 | D+ |
Alliance Gertz-ressler Richard Merkin 6-12 Complex | 0.8 mi | Public | 6-12 | B- |
Camino Nuevo Elementary School #3 | 0.9 mi | Public | KG-5 | |
Norwood Street Elementary School | 0.9 mi | Public | KG-5 | C+ |
Downtown Value | 1.0 mi | Public | KG-8 | C- |
Dr. Theodore T. Alexander Jr. Science Center | 1.0 mi | Public | KG-5 | B- |
St Vincent School | 1.0 mi | Private | KG-8 | |
Crown Preparatory Academy | 1.0 mi | Public | 5 | |
Star Christian School | 1.0 mi | Private | PK-5 | |
Magnolia Avenue Elementary School | 1.0 mi | Public | PK-5 | C |