2343 Scarff St - Apartments FOR SALE


Los Angeles, CA 90007- Koreatown
$7,895,000 USD
818-321-6490
2343 Scarff St, Los Angeles, CA for Sale
$7,895,000 USD
Apartments - FOR SALE
1/16
null | 6.2% Cap Rate

2343 Scarff St
Los Angeles, CA 90007
Koreatown


HIGHLIGHTS

  • USC Student Housing Investment! Fully Occupied!
  • Recently Renovated, Turnkey Investment!
  • Walking distance to USC and USC Village!
  • Newly built ADU!
  • Mills Act designation, significant property tax savings!
  • Fully amenetized with security system and Amazon drop off!

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,895,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

31

PRICE/UNIT

$254,677

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chateau Sera

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,782 SF

ZONING

LAR1.5

APN/PARCEL ID

5124-012-021

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.