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$ 975,000
Est. payment | /mo
5 Beds
1,057 SqFt
$ 975,000
Est. payment | /mo
5 Beds
1,057 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,057 sqft
Price per Sqft $922
MLS Listing ID CL26697333
Bedrooms 5
HOA Y/N No
Year Built 1912
Lot Size 2,667 Sqft
Acres 0.06
Property Sub-Type OTHER
Property Description
We are pleased to present a rare opportunity to acquire a vacant, fully renovated, rent-ready student housing single-family residence located just one block from the University of Southern California (USC) in the highly sought-after DPS Patrol Zone. This 5-bedroom + 2-bathroom home offers approximately 1,057 square feet of rentable space on a 2,667 square foot LARD2-zoned lot, making it ideally suited for student housing or co-living arrangements. The property has recently undergone extensive renovations, including a brand-new kitchen, updated bathrooms with modern tile work and glass shower enclosures, new vinyl plank flooring throughout, and fresh interior and exterior paint. A dedicated on-site laundry area is conveniently located outside of the property. Given its premier location just steps from campus and the USC Village, the property offers exceptional income potential. Each bedroom can achieve approximately $1,500 per month, resulting in a projected gross income of $7,500 per month. Additionally, tenants are responsible for all utilities, including water, trash, gas, and electricity, helping keep operating expenses low and maximizing net income for the owner. The investment is priced at a 7.5% cap rate, an excellent cash-flow opportunity. Beyond its proximity to USC, the property is within walking distance to the Metro Expo Line, providing easy access to Downtown Los Angeles and the Westside. It is also located near Exposition Park, home to major attractions such as the LA Memorial Coliseum, BMO Stadium (home of LAFC), and the future George Lucas Museum of Narrative Art. With Exposition Park set to host key events for the 2028 Los Angeles Olympics, the area continues to experience strong growth and increasing demand. This is an excellent opportunity to acquire a turnkey, high-demand rental property in one of Los Angeles' most dynamic and rapidly evolving neighborhoods.
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Fireplace No
Laundry Dryer, Washer
Exterior
Total Parking Spaces 2
Building
New Construction No
Others
Tax ID 5040013029
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Listed by Davis Saadian • Keller Williams Hollywood Hills
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Patrick Nagel
REALTOR® | Lic# 1760790