Located just blocks from the University of Southern California (USC) and within the USC Patrol Zone, this 8-unit property presents a unique opportunity for investors and developers. Comprising all junior 1-bedroom units, the layout features a hallway connecting the living room, bathroom, and kitchen in each unit. Currently, two of… Read More the units are vacant, while the remaining tenants are long-term. Some tenants have expressed an interest in negotiating cash-for-keys, helping bolster future upside potential. The property sits on a 5,609 square foot lot with 8 side-by-side parking spaces, providing additional upside potential by charging for parking. The lot is zoned (Q)R3-1-O-CPIO and falls under the TOC Tier 3 designation, enabling the development of up to 12 four-bedroom units that can be leased per bed to students, capitalizing on the high demand from USC's student population. This property offers an estimated rental income upside of approximately 45%, making it an attractive opportunity for both immediate rental income and future development. The property is not located within an HPOZ zone, further simplifying any redevelopment plans.With its prime location near USC and its zoning potential, this fixer-upper provides both immediate cash flow and long-term value growth. Read Less
Courtesy of Maher Commercial Realty 310-464-1453
Listing Snapshot
Days Online
376
Last Updated
Property Type
Other
Beds
8
Square Ft.
4,800
Lot Size
0.13 Acres
Year Built
1924
MLS Number
25-484011
30 Days Snapshot Of 90007
$810k
0%
(avg) sold price
0
-100%
homes sold
111
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven
Building
4,800 sq ft, Built in 1924, Levels: Two
Disclosures
Owner Has R.E. License, Owner Is Listing Agent
Garage
Side By Side
Lot
LotAcreage: 0.1293, LotSizeArea: 5,632, LotSizeDimensions: 75x75, Corner Lot
Parking
TotalParking: 8
Pool
PoolYN: False, None
Property
NumberOfUnits: 8, Zoning: (Q)R3-1-O-CPIO
Spa
Has spa, None
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