2343 Scarff St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90007
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 21,770 sqft
Price per Sqft $362
MLS Listing ID 24-457811
Bedrooms 34
Year Built 1910
Lot Size 8,782 Sqft
Acres 0.2016
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 Downtown L.A.
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Equipment Range/Oven, Refrigerator
Exterior
Garage None
Building
Story 3
Level or Stories Multi/Split, Three Or More
Others
Special Listing Condition Standard