3,881 Sqft Lot
3,881 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25197309
HOA Y/N No
Year Built 1909
Annual Tax Amount $13,867
Lot Size 3,881 Sqft
Property Sub-Type Single Family Residence
Property Description
5 Bedroom USC Student Housing a block away from USC and within USC Patrol Zone. Consistent and High Demand for Student Housing, nearby many New Student Housing Constructions, Higher Density RD2 Zoning. Located just one block from the University of Southern California (USC) and within USC Patrol Zone, this rare asset is a 5 bedroom + 4.5-bathroom single-family residence (SFR) that has served as reliable student housing for decades. With its superior student housing location, this investment offers a safe and stable student housing investment with guaranteed demand from USC students/alumni.
The property is a single-family house that features 1,450 sq ft of living space on a 3,879 sq ft lot (zoned RD2). Built in 1909 and recently renovated, this property features modern amenities including hardwood floors throughout, A/C units and ceiling fans in every bedroom, an in-unit washer/dryer and gated parking for up to 4-5 vehicles – ideal for student tenants seeking convenience and comfort. The owner just completed additions of 2 bathrooms to the property and the house is currently listed for rent at $6,300 per month.
Each bedroom has a thorough-the-wall A/C, ceiling fans, and wall heating. 2 bedrooms have a jack-and-jill bathroom, and 2 bedrooms have en-suite bathroom (shower stall). The kitchen has been updated with granite countertop, has 2 refrigerators, a gas stove, and a microwave.
This property is situated within the USC Patrol Zone, providing enhanced safety and security - a MAJOR selling point to both students and parents. The proximity to the campus, local dining, public transportation, and entertainment options make it highly desirable for student tenants. This area historically maintains high occupancy rates and rental demand, even during market fluctuations.
At a 4.95% CAP rate, this property delivers stable cash flow and predictable returns. As an established student housing asset this SFR benefits from decades of operational history, ensuring low vacancy rates and steady cash flow in a neighborhood undergoing transformation with modern developments. Given the strong demand and limited nearby supply of multi-bedroom rentals, there is potential for rental growth and increased property appreciation over time, enhancing total return on investment.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl, Wood
Fireplaces Type Family Room
Fireplace Yes
Appliance Freezer, Disposal, Gas Range, Microwave, Refrigerator, Dryer, Washer
Laundry Common Area, Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Assigned, Concrete
Fence Wrought Iron
Pool None
Community Features Urban
Utilities Available Cable Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Asbestos Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description Near Public Transit, Rectangular Lot, Street Level
Faces North
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5040013020
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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