2343 Scarff Street
Los Angeles, CA, 90007
$7,895,000
Beds
0 Baths
SqFt
0.2 Acres
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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
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2343 Scarff Street
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