2343 Scarff Street, Los Angeles, CA 90007
  • MLS#: 24457811 ( )
  • Street Address: 2343 Scarff Street
  • Viewed: 1
  • Price: $7,895,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1910
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90007
  • Provided by: Keller Williams Realty Downey
  • Contact: Michael R. Michael R.
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Refrigerator
Building Area Total
  1. 21770.00
Cooling
  1. None
Country
  1. US
Heating
  1. None
Levels
  1. Multi/Split
  2. Three Or More
Netoperatingincome
  1. 489304.00
Parcel Number
  1. 5124012021
Parking Features
  1. None
Sourcesystemkey
  1. 24-457811:CLAW
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 175877.00
Year Built
  1. 1910
Zoning
  1. LARD1.5