A prime FOURPLEX investment opportunity in the heart of University Park, just blocks from USC and USC Village, offering approximately $83,940.00 in projected annual gross rental income when fully leased at projected market rents. 2 units are currently VACANT, creating immediate upside through lease-up at projected rents or the option… Read More to occupy the expansive owner's residence.The property consists of four distinct units, anchored by an expansive 2BD/2BA residence occupying the entire ground floor. Previously owner-occupied and currently vacant, the residence features generous proportions and original period details throughout. Upstairs are three additional units: a vacant studio, a 1BD/1BA currently rented at $1,261/month, and a 2BD/1BA currently rented at $1,434/month. The 1BD/1BA is expected to become vacant in December, creating additional opportunity for a new owner to reposition rents. The two currently occupied units generate $2,695/month in existing rental income.A garage with an attached bonus room and a California basement provide additional utility and flexibility. Set among the architecturally significant homes of University Park, the property combines historic character, existing income and significant rental upside in a location convenient to USC, USC Village, dining, shopping and neighborhood amenities. Read Less
Courtesy of Christie's International Real Estate SoCal 424-249-7162
Listing Snapshot
Days Online
62
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,946
Lot Size
0.15 Acres
Year Built
1905
MLS Number
26871537
Additional Details
Garage
Gated, 1 total garage spaces, Assigned, Driveway, Garage - 1 Car
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