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$ 1,539,000
Est. payment | /mo
$ 1,539,000
Est. payment | /mo
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25268986
HOA Y/N No
Year Built 1925
Property Sub-Type Apartment
Property Description
We are pleased to present this well-maintained 8-unit asset delivering exceptionally high day-one cash flow, with an over 9% CAP rate and an ultra-low 7.78 GRM—a true turnkey, low-touch investment. This prime USC property features five oversized 2BR/1BA units and three 1BR/1BA units, along with 1.5 parking spaces per unit, including three additional carports ideal for extra income or an easy ADU conversion. Located just steps from USC, BMO Stadium, and the LA Memorial Coliseum, the building sits on an oversized 8,419 SF C-2 lot in a Tier 3 TOC zone, offering exceptional long-term development potential. With a brand-new 2025 roof, strong in-place income, and no deferred maintenance, this is the ultimate “land bank with cash flow” opportunity—priced to sell and sure to move quickly.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Sidewalks
Total Parking Spaces 15
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5019012031
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Matias Stofenmacher Edgestone Real Estate, Inc. 818-464-5707
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Renaud Denis
REALTOR®