2343 Scarff ST Active

Los Angeles,CA 90007

$ 7895000

34 Beds

32 Baths

21770 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,770 sqft

Price per Sqft $362

MLS Listing ID 24457811

Bedrooms 34

HOA Y/N No

Year Built 1910

Lot Size 8,781 Sqft

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Heating None

Cooling None

Fireplace No

Appliance Refrigerator

Exterior

Garage None

Parking Type None

Building

Story 3

Entry Level Three Or More,Multi/Split

Level or Stories Three Or More,Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5124012021

Special Listing Condition Standard

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