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2706 Menlo Avenue,
Los Angeles , California 90007

$1,775,000
2706 Menlo Avenue, Los Angeles 90007

Property Details

Beds8 Baths4 Garage0
Bldg Size2 sq. ft

Property Description

We are pleased to offer the opportunity to acquire this eight (8) Bedroom + Detached Rec Room + four (4) Bathroom student housing investment opportunity, located in the DPS Patrol Zone, and walking distance to the University of Southern California (USC). This three-story building was constructed of wood frame and stucco on a raised foundation built in 1908 with a square footage of 2,314 on a 7,492-square foot lot. The investment boasts spacious floor plans, on-site laundry, five (5) on-site parking spaces, and tenants pay for all water, trash, gas and electricity. Theres an excellent value-add opportunity to construct and ADU, and further increase cash flow (Buyer to Verify) The investment is 100% occupied with USC students and fully leased for the 2021-2022 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.

Property Status: For Sale

Location

2706 Menlo Avenue, Los Angeles , California 90007

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