$ 1,625,000
-
$1,625,000
Price -
15
Bed -
12
Bath -
6,671
SqFt
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About the Listing CLW-X81596 - CLW-X88678,CLW-X62757
CASH COW! An exceptional opportunity to own a 6-unit private student housing property near the University of Southern California. Located within USC's Department of Public Safety Patrol Zone and Campus Cruiser area, this asset offers immediate income with a 6.9% CAP Rate. The property includes a renovated 4-unit building built in 1912 with one fully remodeled unit featuring new plumbing, HVAC, electrical, kitchen, baths, flooring, lighting, doors, windows, and upgraded main water line and electric panel. In addition, there is a brand new 2-story ADU built in 2024 with two 3-bedroom, 3-bathroom townhome-style units designed for student living with modern finishes and efficient systems. The property offers potential for up to 30 beds with double occupancy layouts and is within walking distance to USC Campus, Metro Line, USC Village, and Exposition Park, property located within DPS patrol zone and ride share program. the property is surrounded by strong student rental demand! This investment combines strong existing income with major upside through student unit conversions.
Listing Highlights for 2119 S Union Ave
Status
Active
Days on Site
96
Property Type
Multi-Family
MLS ®
25546793
Year Built
1912
Total Square Footage
6,671
Lot/Acreage
0.16
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 15
- Bathrooms: 12 Full
- Appliances: Microwave, Gas Range
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: LARD2
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5124002010
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
2119 S Union Ave Los Angeles, CA 90007
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