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Key Details
Sold Price $635,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 552 sqft
Price per Sqft $1,150
MLS Listing ID 24434435
Sold Date 10/31/24
Bedrooms 1
HOA Y/N No
Year Built 1922
Lot Size 2,848 Sqft
Property Description
We are pleased to offer the opportunity to acquire this vacant student housing Single Family Residence, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This 1-bedroom + 1.5-bathroom SFR has been completely updated & remodeled - featuring hardwood floors, stainless steel kitchen appliances, granite counter tops, AC mini-splits, double pane windows, tiled showers with glass enclosures, & an in-unit washer & dryer. The 2,850 SF lot is zoned LAR3, and has a spacious empty detached garage, excellent for an investor to convert into a 4-bedroom + 4-bathroom ADU to further increase cash-flow (about $6,000/month), generating an even higher yield/ net income. Landlord expenses are significantly minimal as the tenants pay for all water, trash, gas & electricity. In addition to its proximity to USC, the property benefits from being walking distance to a Metro Expo Line station offering a short commute to Downtown Los Angeles and the Westside. The property is also nearby to Exposition Park, home of the world-famous LA Coliseum, the new LAFC Stadium and the new George Lucas Museum of Narrative Art. Exposition Park will play host to many key activities and events in the upcoming 2028 LA Olympics.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Fireplace No
Appliance Disposal, Refrigerator, Dryer, Washer
Exterior
Garage Garage, Private
Parking Type Garage, Private
Total Parking Spaces 2
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5040022016
Special Listing Condition Standard
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Bought with Raj Shah • Pioneer Realty & Investments
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692