Adam Shamooelian
This listing was posted on Adam Shamooelian (via ListedBuy).
$1,900,000
1383 West 23rd Street, Los Angeles, CA 90007
Price:
$1,900,000
BR/BA:
10+ BR, 10+ BA
Location:
1383 West 23rd Street, Los Angeles, CA
Description:
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 saleable 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. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
3,050 sq. ft.
For sale by:
Agent/Broker
Agent Name:
Adam Shamooelian
Posted:
March 2 on ListedBuy
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More About this Listing: 1383 West 23rd Street, Los Angeles, CA 90007
1383 West 23rd Street, Los Angeles, CA 90007 is a 10+ BR 10 Bathroom, 10+ BA Multi-Family Real Estate for Sale at 1383 West 23rd Street in Los Angeles CA. Find other listings like 1383 West 23rd Street, Los Angeles, CA 90007 and listings near 1383 West 23rd Street by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA Multi-Family Real Estate for Sale in Los Angeles CA.
1383 West 23rd Street, Los Angeles, CA 90007 is a 10+ BR 10 Bathroom, 10+ BA Multi-Family Real Estate for Sale at 1383 West 23rd Street in Los Angeles CA. Find other listings like 1383 West 23rd Street, Los Angeles, CA 90007 and listings near 1383 West 23rd Street by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA Multi-Family Real Estate for Sale in Los Angeles CA.