Listing provided courtesy of Michael R. Fukushima of Keller Williams Realty Downey. Last updated 2024-11-21 09:12:51.000000. Listing information © 2024 CRMLS.
Asking Price: $7,895,000
2343 Scarff, Los Angeles CA 90007
Community: C42 - Downtown L.A.
Status: Active
This property was built in 1910 and is priced at $7,895,000. Please see the additional details below.
Discover an exceptional investment opportunity with this prime building located just a short walk from the prestigious University of Southern California. This well-maintained property features 31 units, comprising 18 one-bedroom apartments, 12 studio units, and a spacious four-bedroom, two-bathroom additional dwelling unit, catering to a diverse range of tenant needs. Currently generating over $55,000 in monthly income, this property boasts an impressive 6.20% CAP rate and an 11.63 GRM, making it a lucrative addition to any portfolio. The property is professionally managed and is fully occupied for the 2024-2025 USC school year, ensuring a steady income stream. Additionally, the property holds a Mills Act designation, providing significant property tax savings that enhance its investment potential.