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    1978 Estrella Avenue

    Los Angeles (City), CA 90007
    • $2,300,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 21679236
    UPDATED: 125 min ago
    $2,300,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,552
      SQFT
    • $505
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1887
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this vacant four (4) unit, ten (10) bedroom + ten (10) bathroom Co-living/ Student Housing investment opportunity located at 1978 Estrella Avenue, just a short distance from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,927 square foot lot. The asset is well situated within the USC Security zone, and is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1+1 units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, recently painted, and individually metered for gas and electricity. Owner stated that you may be able to build an additional 4-6 units on the lot. (Buyer to verify all information)

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/113204549
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    1978 Estrella Avenue Los Angeles (City), CA 90007

    • Price: $2,300,000
    • Status: Active
    • Updated: 125 min ago
    • ID#: 21679236
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,552
    SQFT
    $505
    $/SQFT
    1887
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    We are pleased to offer for sale this vacant four (4) unit, ten (10) bedroom + ten (10) bathroom Co-living/ Student Housing investment opportunity located at 1978 Estrella Avenue, just a short distance from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,927 square foot lot. The asset is well situated within the USC Security zone, and is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1+1 units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, recently painted, and individually metered for gas and electricity. Owner stated that you may be able to build an additional 4-6 units on the lot. (Buyer to verify all information)
    Exterior Features

    Lot Size Dimensions 50X124 Lot Size Units Square Feet Parking Features Auto Driveway Gate Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Country Us Gross Income 19320.00 Gross Multiplier 11.98 Gross Operating Income 189360.00 Net Operating Income 149484.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 39876.00 Vacancy Allowance Rate 100.00 Zoning Lar4

    Listing provided courtesy of Davis Saadian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691