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listing
1 of 8
Residential IncomeFor Sale
$7,895,000
2343 Scarff Street
Los Angeles, CA 90007
Listed by Michael R. Fukushima DRE#01380445 mfukushima@total-realtygroup.com Keller Williams Realty Downey
MLS: California Regional MLS (CRMLS)
34Beds
32Baths
21,770Sq Ft
Est. Mortgage
$40,853/mo

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.

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Information courtesy of Keller Williams Realty Downey is subject to verification and is not guaranteed.
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