2343 Scarff Street, Los Angeles, CA 90007
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- MLS#: 24457811 ( Multi-Family )
- Street Address: 2343 Scarff Street
- Viewed: 17
- Price: $7,895,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1910
- Bldg sqft: 0
- Days On Market: 118
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90007
- Provided by: Keller Williams Realty Downey
- Contact: Michael R. Michael R.
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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.
Property Location and Similar Properties
Features
Property Type
- Multi-Family
Views
- 17