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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
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  • MLS#: 24457811 ( )
  • Street Address: 2343 Scarff Street
  • Viewed: 6
  • 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.
  • 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.
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
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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