Property Description

SFR with high income, fully occupied with USC students with parental guarantees on leases, and currently collecting gross rents of $11,300/month, cap rate 6.6%. Highly demanding in the desirable USC DPS Safety Patrol Zone, and just blocks to USC (the University of Southern California) and USC Village...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LAR 3, Big back yard, Huge potential on redevelopment and/or expansion to more units and ADU. New school year 2024 - 2025 leases signed by USC students already! This property has many unique characters, huge enclosed front porch with security door, very solid structures and building materials, and has been so well maintained which you will see from details ! This is Newly upgraded / renovated - featuring brand new laminated floors, new bath rooms with New Tubs, Vanities, Toilets, Mirrors, Fixture and Fitting and Tiled Bath Surrounded, Updated kitchen with lots of cabinets, pantry and counter tops. The property is approximately 2760 s.f., 6618 s.f. lot, 8 bed 8.5 bath ( title shows 5 bed 2 bath ), most are master bed rooms, living room, kitchen, and on-site laundry. This property has the grand wooden staircase, big frames, and more characters...has charming turn of the century details that you will adore. The 3rd floor leads you to another large space, which can be used as game room, additional living space, office, playroom, personal gym. There is also a basement which has big space for storage. As a bonus, this Property has a detached garage with a bathroom, and a storage room in the back.

ESSENTIAL INFO

• Status: Active