$7,895,000
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2343 Scarff Street Los Angeles, CA 90007
Cluster
Residence
34
Beds
32
Baths
...
Bed/Bath
21,770
Sq. Ft.
Property Activity
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days
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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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MLS#
24457811
Property Type
Cluster
Bedrooms
34
Bathrooms
Year Built
1910
Square Feet
21,770
sq. ft
Lot Size
0.2
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