Contact Xavier Gomez
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2343 Scarff Street, Los Angeles, CA 90007
Priced at Only: $7,895,000
For more Information Call
Mobile: 714.478.6676
Address: 2343 Scarff Street, Los Angeles, CA 90007
Property Photos
Property Location and Similar Properties
- MLS#: 24457811 ( )
- Street Address: 2343 Scarff Street
- Viewed: 7
- Price: $7,895,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1910
- Bldg sqft: 0
- Days On Market: 58
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90007
- Provided by: Keller Williams Realty Downey
- Contact: Michael R. Michael R.
- DMCA Notice
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DescriptionDiscover 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.
Features
Appliances
- Refrigerator
Building Area Total
- 21770.00
Cooling
- None
Country
- US
Heating
- None
Levels
- Multi/Split
- Three Or More
Netoperatingincome
- 489304.00
Parcel Number
- 5124012021
Parking Features
- None
Sourcesystemkey
- 24-457811:CLAW
Tenant Pays
- Gas
- Electricity
Totalexpenses
- 175877.00
Year Built
- 1910
Zoning
- LARD1.5
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com