Student Housing Investment Opportunity!! On a cul-de-sac across the street from the University of Southern California Campus! Great potential for sorority/fraternity housing. First time on the market in over 50 years!! All 9 Tenants with exception of house manager are students attending the university. This asset is comprised of a duplex- bottom floor has 4 bedrooms 1 bathroom, and upper level has 5 bedrooms 2 read more
bathrooms with an open Floor Plan, coin laundry adds additional income, the onsite Property Manager makes sure property is kept up. This property is gated, with a long driveway leading to the back with plenty of open parking spaces. It also has two large sheds for storage in the backyard. Many student housing developments going up in surrounding neighborhood. Per city code, property is zoned LAR1.5, can build up to 4 units, 3 stories max height of 45 feet, buildable area is 5000 sqft per story for a total of potential gross building sqft of 15,000. Property is being sold as-is. Property is walking distance to LA Metro Expo Light Rail Line, Expo Park, LA Coliseum, and much much more.
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Type & Style
Property Type: Residential Income
The Neri Real Estate Group (NREG) is a full service real estate team, encompassing a market territory of Los Angeles, Riverside, and San Bernardino Counties. NREG clientele ranges from first time home buyers to multi-millionaires, who buy and sell single family residences, residential income properties, commercial income properties, and commercial retail sites.
Our mission is to leverage our expertise and assist our clients with buying, selling, or leasing real estate in the Southern California areas while maintaining a high standard of service, excellence, and personal integrity.
This listing is courtesy of the listing agent Martha Neri (#01212625), with the office Berkshire Hathaway HomeService.
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Last updated on Jun 24th, 2020.