Premier Student Housing Investment Near USC Fully Permitted 17-Bed/17-Bath Property. This fully permitted five-unit student housing investment is located in the highly desirable DPS Patrol Zone, just a short walk from the University of Southern California (USC). Designed and constructed by one of the top student housing operators… Read More near USC, the property delivers best-in-class off-campus living with modern amenities and high-end finishes. The property spans approximately 5,100 rentable square feet on a 4,700 square foot lot and consists of two separate structures. The front building, fully updated in 2023, includes four units, each with three bedrooms and three bathrooms. The rear structure located 3004 Shrine is a newly constructed five-bedroom, five-bathroom ADU completed in 2023, offering a low-maintenance addition to the property. Both structures feature high-quality finishes, including new flooring, updated plumbing and electrical systems, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and in-unit washer and dryers. This investment is fully occupied by USC students. All units leased for the 2025-2026 academic year except the ADU (applications under review), with parental guarantees on leases providing additional security. Tenants are responsible for all utilities, including water, gas, electricity, and trash, further enhancing the property's strong operating fundamentals. With historically high occupancy rates and consistent demand for student housing in this prime location, this asset presents a low-risk, high-growth opportunity for investors. Read Less
Property listed by Nourmand & Associates-HW, Christopher Furstenberg 323-462-6262
Listing Snapshot
Days Online
19
Last Updated
Property Type
Other
Beds
17
Square Ft.
5,100
Lot Size
0.11 Acres
Year Built
1908
MLS Number
25518147
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator, Dryer, Washer
Building
Built in 1908, Building area total: 5,100, Levels: MultiSplit, Living area: 5100, 2 buildings, Architectural style: Traditional
Cooling
CentralAir
Expenses
Gardener expense: $1,000, Insurance expense: $4,200, Maintenance expense: $2,700, New taxes expense: $56,250, Trash expense: $600, Other expense: $700
Heating
Central
Income
Gross income: $295,344, Net operating income: $221,934
Lot
0.1079 acres, 4,700 square feet, Size: 4,700
Parking
None
Pool
None
Property
Zoning: LAR3
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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