2343 Scarff Street, Los Angeles, CA 90007
-
Listed Price :
$7,895,000
-
Beds :
34
-
Baths :
32
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Property Size :
21,770 sqft
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Year Built :
1910
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
34 |
| Bathroom Information |
| Bathrooms |
32 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
2343 Scarff Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90007 |
| County |
Los Angeles |
| Listing Agent |
Michael R. Fukushima DRE #01380445 |
| Co-Listing Agent |
Stephen F. Watson DRE #01187813 |
| Courtesy Of |
Keller Williams Realty Downey |
| List Price |
$7,895,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
21,770 |
| Lot Size |
8,782 |
| Year Built |
1910 |
Listing information courtesy of: Michael R. Fukushima, Stephen F. Watson, Keller Williams Realty Downey. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 5th, 2024 at 1:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
