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1978 Estrella Avenue
USD 2,200,000
Property ID: 24397939
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1978 Estrella Avenue ,90007
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icon 11972 SqFt
icon Built in 1887
icon USD 184/SqFt
icon 8 Beds
icon 10 Full
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Location Street View
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Interior Details
Bedrooms
8
Bathrooms
10
Interior Size
3752
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1887
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Detailed Introduction Of This Home
We are pleased to present the exclusive listing of 1978 Estrella Avenue, a ten-unit multifamily building located in Los Angeles. Comprised of (8) one-bedroom, one-bathroom units (5 of which are currently vacant), and (2) vacant, studio, one-bathroom units (one non-conforming), with a total of 3,752 rentable square feet. The property has undergone extensive renovations, including a new foundation and building elevation, new drywall, sun wall construction, new insulation, and updated electrical panels. Additionally, the roof, plumbing, and electrical systems were comprehensively upgraded in 2018. All utilities are paid by the landlord, with tenants contributing $125 each towards utilities. The property also features onsite laundry facilities and ample parking, with 10 spots at the back and 2 in the front. The property is located in a vibrant and strategic area offering numerous advantages for residents and investors alike. Situated right off the 110 freeway, the property provides excellent connectivity to major transportation routes. It is just minutes away from the University of Southern California (USC) campus and University Village, a hub of student activity featuring shops, restaurants, and entertainment options. The neighborhood is part of the DPS (Department of Public Safety) Patrol Zone, ensuring a higher level of security and safety, which is particularly appealing to students and young professionals. Residents benefit from easy access to public transportation, including bus lines and metro stations. The property is also near various cultural and recreational spots, such as Exposition Park, which houses museums, gardens, and the Los Angeles Memorial Coliseum. Additionally, the property offers the potential for Section 8 rents and is in close proximity to Mount Saint Mary's University LA (Doheny Campus) making it an attractive option for physical therapy students. It is less than a minute walk to MSMU and a quick 5-minute car ride or 6-minute bike ride to USC, enhancing its appeal to the student population. In summary, 1978 Estrella Avenue represents an excellent value-add opportunity, with significant potential for rental income growth and occupancy improvement. With recent capital improvements, and its prime location makes it ideal for student housing, providing a steady demand for rental units, this property promises strong rental potential and long-term value appreciation.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (22)
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1978 Estrella Avenue
USD 2,200,000 8 Beds
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