This beautifully restored Victorian 4-plex is located in the heart of North University Park and is in a prime area for USC student housing. Nestled on a picturesque, tree-lined street blocks from the University of Southern California, the property offers the perfect blend of classic charm and modern updates.… Read More Recently remodeled inside and out, each of the four spacious units features a contemporary kitchen with new stainless steel appliances, updated bathrooms, an in-unit washer and dryer, and central air and heat. The property is fully tenant-occupied, with leases in place through the 2025-2026 academic year, providing immediate and consistent rental income. Tenants are responsible for all utilities, including water, gas, electricity, and trash, further enhancing the property's strong operating fundamentals. There are apx 49,000 students enrolled at USC, including nearly 21,000 undergraduates, the need for quality housing close to campus remains steady year after year. The location is just minutes away from DTLA and all the restaurants and shops of West Adams. This is a rare investment opportunity to own a fully leased, high-yield property steps from USC, surrounded by beautiful historic homes and vibrant city living. Read Less
Property listed by Nourmand & Associates-HW, Christopher Furstenberg 323-462-6262
Listing Snapshot
Days Online
20
Last Updated
Property Type
Other
Beds
13
Square Ft.
4,185
Lot Size
0.14 Acres
Year Built
1914
MLS Number
25522079
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1914, Building area total: 4,185, Levels: Two, Living area: 4185, 2 stories, 1 building
Cooling
CentralAir
Expenses
Gardener expense: $600, Insurance expense: $3,811, Maintenance expense: $12,960, New taxes expense: $35,000, Other expense: $300
Floors
Laminate
Heating
Central
Income
Gross income: $233,262, Net operating income: $180,591
Lot
0.1401 acres, 6,104 square feet, Size: 6,104
Parking
4 open parking spaces, 4 totals parking, Assigned, Private
Property
Zoning: LARD1.5
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
