Property
Beds
18
Full Baths
None
1/2 Baths
None
Year Built
1964
Sq.Footage
6,734
We are pleased to present the exclusive opportunity to acquire this beautifully updated, modern nine-unit (18-bedroom) student housing apartment community located within the highly desirable DPS Patrol Zone, just a block from the University of Southern California (USC). This turnkey investment has undergone approximately $400,000 in recent capital improvements, creating a high-quality, low-maintenance asset positioned for long-term stability. Upgrades include new hardwood and vinyl flooring throughout, modern kitchen and bathroom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, toilets, tubs, and tile finishes, and fresh interior and exterior paint. Major building systems have also been replaced or enhanced, including a new roof, new copper plumbing, dual-pane energy-efficient windows, a high-efficiency central water heater, and a complete sewer line replacement with PVC piping. Additional improvements include a secured entry gate for resident safety and the completed Los Angeles mandated earthquake retrofit, featuring foundation anchoring, shear wall reinforcement, and steel frame strengthening for full seismic compliance. Each unit features furnished bedrooms, stainless steel appliances, quartz countertops, and tiled showers with glass enclosures, showcasing modern finishes and thoughtful design throughout. The property is individually metered for gas, electricity, and water, reducing ownership expenses and improving efficiency. The building totals 6,734 rentable square feet on a 7,250-square-foot lot, consisting of (1) one-bedroom + one-bathroom unit, (1) three-bedroom + one-bathroom unit, and (7) two-bedroom + one-bathroom units. Each unit offers a spacious layout ideal for student tenants. The property is 100% occupied with USC students and fully leased for the 2025 - 2026 academic year, generating a gross income of $20,255 per month. With parental guarantees on leases and a consistent record of near 100% occupancy, the asset represents a low-risk, turnkey investment offering stable returns and strong operating fundamentals. Priced at a 6.5% cap rate and 12x GRM, this property delivers both dependable cash flow and long-term appreciation potential in one of Los Angeles' most sought-after rental markets.Additional amenities include on-site laundry facilities for supplemental income and secure gated access for enhanced resident safety.
Features & Amenities
Interior
-
Total Bedrooms
18
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Dual
-
Heating YN
YES
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Gated, Private
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.1665
-
Property Type
Residential Income
Price
-
Sales Price
$2,995,000
-
Sq. Footage
6, 734
-
Price/SqFt
$444
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Davis Saadian , Keller Williams Hollywood Hills
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
FOUNDER
LinaMirza
Call Lina today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.