1026 22nd, Los Angeles, CA 90007
Bedrooms: 0
Bathrooms: 0
Area: 0 SqFt.
We are pleased to offer the opportunity to acquire this eighteen (18) unit value-add student housing investment, located in the desirable DPS Patrol Zone and walking distance to the University of Southern California (USC). The property is approximately 12,315 rentable square feet on a 6,211 square foot lot, with a unit mix consisting of nine (9) studio units, eight (8) 1-bedroom + 1-bathroom units, and one (1) converted 2-bedroom + 1-bathroom unit. The property cash flows at $24,754/month, a current 5.5% Cap Rate & 13.45x Gross Rent Multiplier (GRM). The investment allows a new owner the opportunity to implement interior renovations, update/remodel the units, and achieve top market rents. There's almost 50% potential upside in rental income. The property offers residents a highly desirable location, within the DPS Patrol Zone, and walking distance to campus and University Village - providing easy access to all of USC's landmarks, academic buildings, and entertainment options.
CA DRE #01870580
6965 El Camino Real 105-690, Carlsbad CA 92009
877.692.8427
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