See all 26 photos
26 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$4,500,000
Est. payment /mo
17 Beds
17 Baths
5,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $882
MLS Listing ID 25518147
Bedrooms 17
HOA Y/N No
Year Built 1908
Lot Size 4,700 Sqft
Property Description
Premier Student Housing Investment Near USC Fully Permitted 17-Bed/17-Bath Property. This fully permitted five-unit student housing investment is located in the highly desirable DPS Patrol Zone, just a short walk from the University of Southern California (USC). Designed and constructed by one of the top student housing operators near USC, the property delivers best-in-class off-campus living with modern amenities and high-end finishes. The property spans approximately 5,100 rentable square feet on a 4,700 square foot lot and consists of two separate structures. The front building, fully updated in 2023, includes four units, each with three bedrooms and three bathrooms. The rear structure located 3004 Shrine is a newly constructed five-bedroom, five-bathroom ADU completed in 2023, offering a low-maintenance addition to the property. Both structures feature high-quality finishes, including new flooring, updated plumbing and electrical systems, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and in-unit washer and dryers. This investment is fully occupied by USC students. All units leased for the 2025-2026 academic year except the ADU (applications under review), with parental guarantees on leases providing additional security. Tenants are responsible for all utilities, including water, gas, electricity, and trash, further enhancing the property's strong operating fundamentals. With historically high occupancy rates and consistent demand for student housing in this prime location, this asset presents a low-risk, high-growth opportunity for investors.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer
Exterior
Parking Features None
Pool None
Private Pool No
Building
Story 2
Entry Level Multi/Split
Architectural Style Traditional
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5123010013
Special Listing Condition Standard
Read Less Info
Listed by Christopher Furstenberg • Nourmand & Associates-HW