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The average price of homes sold in Los Angeles, CA is $476,300.
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compared to 57.55% rented, while
7.18% are vacant.
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Attention developers, builders, or owner users!! Investment opportunity to develop in a Prime location near USC; which is one block away. Property offers an investor a possible strong rental potential in a high demand area for student housing. Currently the home is a quad 4 units. ALSO for SALE are the properties right next door; 1204 W 35th ST $1,200,000 and 1200 W 35th ST $1,500,000. Develop ALL 3 lots for a possible 15 unit building or update and keep as is. Please do your own research. All properties are on the MLS.
PLEASE SEE AGENT REMARKS FOR FULL MARKETING PACKAGE!1332 W Jefferson Blvd is a single story student housing situated within walking distance to University of Southern California. The property is zonedC2 which makes it suitable for redevelopment into a higher density student housing or multifamily complex. The C2 zoning has a 90% lot coverageallowance and 35 feet maximum height limit. The property is being operated as student housing with 3 rooms and producing approximately $3,000/month of rental income. The property is being offered for regular sale. Buyer has to cooperate with 1031 Exchange.
Victorian style Duplex built in 1910, the property was remodeled & built on/ permitted in 2009 with 5 bedrooms added approx 1,200 sq feet. The remodeling included new kitchen countertops & appliances, hardwood floors and bathroom modernization. Exterior architecture upgrade includes energy efficient polycarbonate Plastic rear walls allowing additional light in the units. Gated community & parking area, electronically accessible from the alley. First floor unit consists of 5 Bdrm, 2 Bath, Top Floor unit consists of 6 Bdrm, 2 Bath. Both units have two entrances setup for student housing rentals, unfurnished on 50 to 52 week leases. The top unit is currently vacant. Both units are spacious the 5 Bdrm is 2,300 Sq Ft and 6 Bdrm is 2,600 Sq Ft with large gated open space exterior common areas allowing for additional outdoor amenities-patio & seating area. Value Added Opportunity with upgrades & additional amenities becoming luxury finishes. Based on Pro Forma 9.1 GRM & 10.6 Cap RateProperty offers investor strong rental potential in an area with high demand for student housing, tenants can walk or ride bikes to campus, Gate 6 within 5 minutes. Prop located within USC Dept of Public Safety Response Area with 24 hr patrols & free on-call rides home.
An 8 Unit complex with recent upgrades. The property is within walking distance to USC and nearby Exposition Park, The Light Rail, Museum and shopping centers . It's location allows for easy access to the 10, 110, 60 & 5 Freeway. The property has newer exterior paint, low operating expenses, a laundry room area, lots of parking and separate meters for gas and electricity. Overall, great building to add to your portfolio.
Fully renovated property: new plumbing, electricity (subpanels), windows and floors done & set. Near USC, great area to reside in. I-10 freeway nearby - efficient for transportation, as well as near Koreatown. Beautiful 4-unit building with all 2 bedrooms and 2 bathrooms with long term tenants. Great conditioned interior as well as exterior of property. Must see in person to appreciate!
Building is just a short walk to USC campus and only minutes away from Staples center and LA Live. There are 3 total buildings on the lot, the first building has 4 units and the other 2 buildings in the back are 1 unit each. All units are Section 8 approved with 4 units currently being occupied with one cash tenant. All units are in good condition with some modest upgrades done several years back.
Marcus and Millichap is proud to present a five unit apartment building just three blocks west of the USC campus with USC students as current tenants. Students enjoy significantly low rents compared to other nearby student housing, which charge twice as much as the subject unit in similar size.USC is constantly expanding, which in turn has increased the school's housing boundaries. This expansion is due to its increasing endowment that exceeds $4 billion along with the school's ranking as one of the top 25 schools in the nation.The offering comes with two buildings. The combined size is 5,711 square feet (average unit size = 1,142 square feet) on a 6,799 square foot lot. The front property contains four large one bedrooms, each with a large living room and the rear property is a two-story four bedroom house with extra room which is occupied by five roommates.
Investment Opportunity - Great Upside! SFR and Triplex on 8,328 SF lot. Possible lot split. SFR and Triplex has below market rents. Subject Property is located approximately 1 mile from USC, with easy access to the 10 and 110 freeways, and DTLA. There are new residential developments in the neighborhood, and within 1 mile of the subject property there are 10 elementary schools, 9 middle schools, and 6 high schools, includingLoyal High School, Alliance Gertz-Ressler School and West Adams Preparatory School. Anyone who disturbs occupants will be disqualified from purchase!
Great Investment Opportunity! Two houses on a large lot within walking distance to USC Campus (2 block). Front House is currently owner occupied as a 2-story home that has four bedrooms and 2 baths with front and rear entrances and additional room for expansion. Second unit is tenant occupied with two bedrooms and one bath. Properties in the area are being renovated to accommodate the USC students and local renters. It is a great community mostly mixed with college students and residential property owners. Property is also located within USC Dept of Public Safety Response Area with 24 hours patrols. This is an opportunity for the right investor who is familiar with the area to take advantage of the rental market and rent to students/residents and maximize their ROI. For additional information please contact the listing broker.
******** Property will be delivered vacant at the Close of Escrow. ********This property is just walking distance to USC Campus! It is a potential Fraternity or Sorority House perfect for an Investor with Vision. Improve your Public Relations; Improve Your Image on Campus! USC Security on stand by on each corner of the block. Many properties in the area are being renovated. It is a great community with mostly Students. Very quite & safe neighborhood due to student tenants.These are money maker units, spacious and rare to find. The two story home features 7 bedrooms, 2 baths, with 3408 sq. ft. The property also includes an additional and separate rear unit with 2 bedrooms, 1 bath... Including a Garage Conversion. The back yard is perfect for entertainment with plenty of parking. Property is located in University Park, one block west of USC. This Listing can be shown by appointment to serious Buyers only!
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