Description
We are pleased to offer for sale this six(6) unit, 17-bedroom + 6-bathroom Student Housing investment opportunity, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1964, with approximately 5,728 rentable square feet on a 6,600 square foot lot. The investment is comprised of a unit mix consisting of five(5) 3-bedroom + 1-bathroom units, & one (1) 2-bedroom + 1-bathroom unit. Units have been updated, remodeled, and include hardwood floors, new kitchen appliances, air conditioning, ten(10) on-site parking spaces, and on-site laundry for additional income.The investment is 100% occupied with USC students, and fully leased for the 2020-2021 academic school year. Tenants pay for all gas, electricity, trash, and water. All Students for 2020-21 have moved in and there are no vacant units or deferred rent payment for ensuing school year.
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17BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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5,728SQFT
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$464$/SQFT
School Ratings & Info
Description
We are pleased to offer for sale this six(6) unit, 17-bedroom + 6-bathroom Student Housing investment opportunity, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1964, with approximately 5,728 rentable square feet on a 6,600 square foot lot. The investment is comprised of a unit mix consisting of five(5) 3-bedroom + 1-bathroom units, & one (1) 2-bedroom + 1-bathroom unit. Units have been updated, remodeled, and include hardwood floors, new kitchen appliances, air conditioning, ten(10) on-site parking spaces, and on-site laundry for additional income.The investment is 100% occupied with USC students, and fully leased for the 2020-2021 academic school year. Tenants pay for all gas, electricity, trash, and water. All Students for 2020-21 have moved in and there are no vacant units or deferred rent payment for ensuing school year.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T16:42:43.42. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.