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Listed by Julie Tung • Partner Real Estate
$ 1,600,000
Est. payment | /mo
2,443 SqFt
$ 1,600,000
Est. payment | /mo
2,443 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,443 sqft
Price per Sqft $654
MLS Listing ID TR-25171507
Year Built 1901
Lot Size 5,893 Sqft
Property Sub-Type Single Family Residence
Property Description
Attention investors! 7+% CAP RATE!!! A prime investment opportunity in the heart of the USC rental market, this fully furnished property features a 5-bedroom, 4-bathroom single-family residence with updated electrical and plumbing systems in 2020 and a permitted 5-bedroom, 3-bathroom ADU, newly built in 2024 with paid off solar. Both units are fully furnished and leased to USC students. Designed for maximum efficiency, the property includes separate electric meters, tenants are responsible for LADWP, SoCal gas, internet, trash and sewer. The paid-off solar panels further enhance cost savings, making this an even more attractive investment. A 2024 paved driveway offers six parking spaces, a rare and valuable feature in this high-demand area. Located just minutes from USC, with easy access to shopping, dining, and major freeways, this turnkey rental offers amazing cap rate with room for increased returns. Don't miss this rare opportunity to own a high-yield investment in one of Los Angeles' strongest rental markets.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Interior
Interior Features Furnished
Heating Ductless
Flooring Laminate
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Driveway
Pool None
Community Features Sidewalks
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114