Description

Look at this Gross Income - $160,080.!! Located in the coveted USC Security Patrol Zone and just 3 blocks from campus, this exceptional student housing investment is a high-performing asset in one of Los Angeles' most sought-after rental markets. The University of Southern California is world renown and one of the top rated institutions in the country. Because of proximity to campus, this property consistently commands premium rents, catering to both USC students and young professionals. Property includes two beautifully restored Craftsman residences totaling 12 bedrooms, with the potential to accommodate up to 19 occupants. Originally built in 1913 and beautifully renovated, the residences feature polished hardwood floors, granite countertops, stainless steel appliances, laundry, central HVAC, and updated systems including copper plumbing, electrical, and roofing. Each bedroom is spacious and well-appointed with furnishings such as beds, desks, armoires, and mini-fridges, along with individual climate controls. The property also offers on-site parking, secure entry, and additional amenities that enhance tenant appeal. This is a turnkey investment with excellent operating fundamentals. With the addition of the brand-new George Lucas Museum, the LAFC Stadium, upcoming 2028 Olympic events and much more, this location will continue to see increasing demand, and huge long-term growth.