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1360 W. 24th Street,
Los Angeles, California 90007

$2,395,000
1360 W. 24th Street, Los Angeles 90007

Property Details

Beds11 Baths11 Garage0
Bldg Size4 sq. m.

Property Description

We are pleased to offer for sale this brand new 2015 construction, Non-rent control eleven (11) bedroom + eleven (11) bathroom student housing investment opportunity, located within the DPS Patrol Zone, and walking distance to the USC campus & University Village. This investment features brand new hardwood floors, new copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. The property is approximately 4,100 rentable square feet on a 5,741 square foot lot and is comprised of two (2) separate structures, with a unit mix consisting of two (2) 3-bedroom + 3-bathroom units, and one (1) 5-bedroom + 5-bathroom unit. The property is currently being rented out as an Airbnb until August 2022, collecting gross rents of $11,000/month. As a student housing investment, this asset can easily collect approximately $1,250/room, generating a total $13,750/month. The subject property offers residents a highly desirable location - providing easy access to all of USC's landmarks, academic buildings, and entertainment options.

Property Status: For Sale

Location

1360 W. 24th Street, Los Angeles, California 90007

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