2119 S Union Ave 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 6,671 sqft
Price per Sqft $243
MLS Listing ID 25546793
Style Craftsman
Bedrooms 15
Construction Status New Construction, Updated/Remodeled
Year Built 1912
Lot Size 6,999 Sqft
Acres 0.1607
Property Sub-Type Multi-Family
Property Description
CASH COW! An exceptional opportunity to own a 6-unit private student housing property near the University of Southern California. Located within USC's Department of Public Safety Patrol Zone and Campus Cruiser area, this asset offers immediate income with a 6.9% CAP Rate. The property includes a renovated 4-unit building built in 1912 with one fully remodeled unit featuring new plumbing, HVAC, electrical, kitchen, baths, flooring, lighting, doors, windows, and upgraded main water line and electric panel. In addition, there is a brand new 2-story ADU built in 2024 with two 3-bedroom, 3-bathroom townhome-style units designed for student living with modern finishes and efficient systems. The property offers potential for up to 30 beds with double occupancy layouts and is within walking distance to USC Campus, Metro Line, USC Village, and Exposition Park, property located within DPS patrol zone and ride share program. the property is surrounded by strong student rental demand! This investment combines strong existing income with major upside through student unit conversions.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LARD2
Rooms
Other Rooms Accessory Bldgs
Interior
Interior Features Common Walls
Heating Central
Cooling Central
Flooring Hardwood
Equipment Washer, Dryer, Range/Oven, Microwave
Laundry In Unit
Exterior
Parking Features Driveway
Garage Spaces 2.0
View Y/N No
View None
Building
Lot Description Fenced Yard
Story 2
Architectural Style Craftsman
Level or Stories Two
Construction Status New Construction, Updated/Remodeled
Others
Special Listing Condition Standard