2343 Scarff ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90007
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 21,770 sqft
Price per Sqft $362
MLS Listing ID 24457811
Bedrooms 34
HOA Y/N No
Year Built 1910
Lot Size 8,781 Sqft
Property Description
Discover 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features None
Building
Story 3
Entry Level Three Or More,Multi/Split
Level or Stories Three Or More,Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5124012021
Special Listing Condition Standard