$635,000
$649,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
2 Baths
552 SqFt
SOLD DATE : 10/31/2024
Key Details
Sold Price $635,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 552 sqft
Price per Sqft $1,150
MLS Listing ID 24-434435
Sold Date 10/31/24
Bedrooms 1
Year Built 1922
Lot Size 2,850 Sqft
Acres 0.0654
Property Description
We are pleased to offer the opportunity to acquire this vacant student housing Single Family Residence, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This 1-bedroom + 1.5-bathroom SFR has been completely updated & remodeled - featuring hardwood floors, stainless steel kitchen appliances, granite counter tops, AC mini-splits, double pane windows, tiled showers with glass enclosures, & an in-unit washer & dryer. The 2,850 SF lot is zoned LAR3, and has a spacious empty detached garage, excellent for an investor to convert into a 4-bedroom + 4-bathroom ADU to further increase cash-flow (about $6,000/month), generating an even higher yield/ net income. Landlord expenses are significantly minimal as the tenants pay for all water, trash, gas & electricity. In addition to its proximity to USC, the property benefits from being walking distance to a Metro Expo Line station offering a short commute to Downtown Los Angeles and the Westside. The property is also nearby to Exposition Park, home of the world-famous LA Coliseum, the new LAFC Stadium and the new George Lucas Museum of Narrative Art. Exposition Park will play host to many key activities and events in the upcoming 2028 LA Olympics.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Range/Oven, Refrigerator, Dryer, Washer, Other, Freezer, Garbage Disposal
Exterior
Garage Garage, Private, Other
Garage Spaces 2.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Pioneer Realty & Investments
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