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.
Features
34 bedrooms
32 bathrooms
21770 sq. ft. floor area
crop_free8782 sq. ft. lot size
cottageOther
Property history for 2343 Scarff St
2012
Sold
$743,954
16 Mar 2012
Happy sellers in Los Angeles
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Local market activity for 34 bedroom other properties in Los Angeles
Sold
For Sale
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