$ 3,000,000
-
$3,000,000
Price -
13
Bed -
11
Bath -
4,185
SqFt
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About the Listing CLW-B0848301 - CLW-X48011,CLW-X99648
This beautifully restored Victorian 4-plex is situated in the heart of North University Park, offering prime USC student housing. Nestled on a picturesque, tree-lined street block from the University of Southern California, the property provides the perfect blend of classic charm and modern updates. Recently remodeled inside and out, each of the four spacious units features a contemporary kitchen with new stainless steel appliances, updated bathrooms, an in-unit washer and dryer, and central air and heat. The property is fully tenant-occupied, with leases in place through the 2025-2026 academic year, providing immediate and consistent rental income. Tenants are responsible for all utilities, including water, gas, electricity, and trash, further enhancing the property's strong operating fundamentals. There are apx 49,000 students enrolled at USC, including nearly 21,000 undergraduates, the need for quality housing close to campus remains steady year after year. The location is just minutes away from DTLA and all the restaurants and shops of West Adams. This is a rare investment opportunity to own a fully leased, high-yield property steps from USC, surrounded by beautiful historic homes and vibrant city living.
Listing Highlights for 2620 Magnolia Ave
Status
Active
Days on Site
151
Property Type
Multi-Family
MLS ®
25522079
Year Built
1914
Total Square Footage
4,185
Lot/Acreage
0.14
County
Los Angeles
Interior Details
- Bedrooms: 13
- Bathrooms: 11 Full
- Appliances: Dishwasher, Refrigerator
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Laminate
- 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: 4
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Assigned,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5055025003
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
2620 Magnolia Ave Los Angeles, CA 90007
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