Los Angeles, CA 90007,2343 Scarff St
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Los Angeles, CA 90007,2343 Scarff St
Los Angeles, CA 90007,2343 Scarff St
Los Angeles, CA 90007,2343 Scarff St
Los Angeles, CA 90007,2343 Scarff St
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$ 7,895,000
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2343 Scarff St Los Angeles, CA 90007

34 Beds

32 Baths

21,770 SqFt


UPDATED:

11/05/2024 07:01 AM

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


TheMLS (CLAW)
Listed by Keller Williams Realty Downey

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Name

Phone*

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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