Detailed Introduction Of This Home
1984 Park Grove is located inside of the desirable USC Patrol Zone, where the university deploys a 24/7/365 security team for student safety. At list price, it is being offered at an attractive $192,115 price per unit and an 11.00 GRM on current rents, all while still having 45% rental upside for the next owner. Great sized units with some having beautifully exposed brick and unrestricted views of the Downtown LA skyline, and all units have full kitchens & bathrooms that are separate from the living areas. The units and building systems have undergone extensive capital improvements over the last 5 years. The property has an active and recently serviced fire sprinkler system for all units & levels + fire alarm system, and a burglar alarm system for secured entry and tenant safety. Large on-site laundry room for tenant convenience + additional monthly income. The bottom level has ADU conversion opportunities with in-place electrical & plumbing to convert into (3) ADU's which would turn the building into 29 units and add substantial monthly/annual income.