For Sale

Listed by Michael R. Fukushima and Stephen F. Watson from Keller Williams Realty Downey

Source: Combined LA Westside Multiple Listing Service, Inc #24457811

2343 Scarff St, Los Angeles, CA, 90007

$7,895,000

34
32
21770 sq. ft.
8782 sq. ft.

Other

•

30+ days on the market

What's around 2343 Scarff St

About this property

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.

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