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1383 W 23rd Street
USD 1,900,000
Property ID: 23326645
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1383 W 23rd Street ,90007
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icon 5882 SqFt
icon Built in 1903
icon USD 323/SqFt
icon 10 Beds
icon 10 Full
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Location Street View
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Interior Details
Bedrooms
10
Bathrooms
10
Interior Size
3050
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1903
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Detailed Introduction Of This Home
We are pleased to offer the opportunity to acquire this turnkey two (2) unit, fully permitted ten (10) bedroom + ten (10) bathroom Student Housing investment opportunity, located in the DPS Patrol Zone, and close proximity to the University of Southern California (USC). The property is approximately 3,050 rentable square feet on a 5,882 square foot lot and is comprised of one(1) structure, with a unit mix consisting of one (1) 5-bedroom + 5-bathroom units in the front, and an attached 5-bedroom + 5-bathroom brand-new construction unit. Additionally, there is an excellent value-add opportunity to construct an ADU in the rear, with the current owner providing preliminary plans to construct a 4 bed + 4 bath additional unit (Buyer to Verify). The subject property's front structure was completely updated and remodeled in 2023, and features brand new flooring, brand new plumbing/electrical, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. The back attached unit is a brand-new unit recently constructed and completed in 2023 and features the same high-end finishes as the front unit, essentially delivering a brand new low maintenance structure to any prospective buyer.The investment is 100% occupied with USC students and fully leased for the 2023-2024 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The property is currently leased for $12,000 a month.
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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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1383 W 23rd Street
USD 1,900,000 10 Beds
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