9.1% Cap Rate + ADU potential! We are pleased to offer the opportunity to acquire this high yield Duplex, featuring 10-bedroom + 9-bathroom Student Housing investment opportunity, blocks to the University of Southern California (USC). The duplex is approximately 3,630 rentable square feet on a 6,881 square feet lot, was… Read More fully remodeled in 2020 with city permit, featuring brand new exterior stucco/paint, completely updated bathrooms with new electrical, plumbing, sewer and gas lines, brand new portable AC systems, and in-unit washer & dryer on each floor. The investment is 100% occupied with students/graduates and fully leased for the 2025-2026 academic school year. With a consistent 100% occupancy rate, this asset offers a low-risk, stable investment with strong potential for continued growth and excellent operating fundamentals. The property generates a gross income of $12,000 per month, with tenants responsible for all utilities, including water/gas/electricity. Additionally, the large 6,881 SF (LARD1.5 zone, TOC Tier 2) lot presents an opportunity for further cash flow enhancement by constructing ADUs. DO NOT DISTURB THE TENANTS. Showing by Appointment only. Read Less
Courtesy of Real Estate eBroker Inc. 760-722-3222
Listing Snapshot
Days Online
48
Last Updated
Property Type
Other
Beds
10
Square Ft.
3,630
Lot Size
0.16 Acres
Year Built
1920
MLS Number
26650049
Additional Details
Appliances & Equipment
Convection Oven, Dryer, Freezer
Building
3,630 sq ft, Built in 1920, Levels: Two
Cooling
Air Conditioning, Heat Pump(s)
Disclosures
As Is, Owner Is Listing Agent, Owner Has R.E. License
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