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1360 W 24TH St

Los Angeles, CA 90007
  • $2,395,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 22-144603
UPDATED: 126 min ago
$2,395,000
  • 11
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,100
    SQFT
  • $584
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2015
County:

School Ratings & Info

Description

We are pleased to offer for sale this brand new 2015 construction, Non-rent control eleven (11) bedroom + eleven (11) bathroom student housing investment opportunity, located within the DPS Patrol Zone, and walking distance to the USC campus & University Village.This investment features brand new hardwood floors, new copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. The property is approximately 4,100 rentable square feet on a 5,741 square foot lot and is comprised of two (2) separate structures, with a unit mix consisting of two (2) 3-bedroom + 3-bathroom units, and one (1) 5-bedroom + 5-bathroom unit. The property is currently being rented out as an Airbnb until August 2022, collecting gross rents of $11,000/month. As a student housing investment, this asset can easily collect approximately $1,250/room, generating a total $13,750/month. The subject property offers residents a highly desirable location - providing easy access to all of USC's landmarks, academic buildings, and entertainment options.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/127515458
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1360 W 24TH St Los Angeles, CA 90007

  • Price: $2,395,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 126 min ago
  • MLS #: 22-144603
11
Beds
0
Baths
0
½ Baths
0.13
Acres
4,100
SQFT
$584
$/SQFT
2015
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
We are pleased to offer for sale this brand new 2015 construction, Non-rent control eleven (11) bedroom + eleven (11) bathroom student housing investment opportunity, located within the DPS Patrol Zone, and walking distance to the USC campus & University Village.This investment features brand new hardwood floors, new copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. The property is approximately 4,100 rentable square feet on a 5,741 square foot lot and is comprised of two (2) separate structures, with a unit mix consisting of two (2) 3-bedroom + 3-bathroom units, and one (1) 5-bedroom + 5-bathroom unit. The property is currently being rented out as an Airbnb until August 2022, collecting gross rents of $11,000/month. As a student housing investment, this asset can easily collect approximately $1,250/room, generating a total $13,750/month. The subject property offers residents a highly desirable location - providing easy access to all of USC's landmarks, academic buildings, and entertainment options.
Exterior Features

Lot Size Area 5741 Other Structures None Parking Garage Driveway Total Parking 4

Interior Features

Baths Total 11.00 Cooling Other Equipment DishwasherFreezerGarbage DisposalGas Or Electric Dryer HookupIce MakerMicrowaveRange/OvenRefrigeratorWasherOtherDryer Flooring Hardwood Heating Other

Property Features

Assessed Total Value 2020720 Gross Income 165000 Gross Operating Income 165000 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 127230.00 Number Of Buildings 2 Number Of Units 3 Sale Type Standard Source Living Area Other Source Lot Size Area Vendor Enhanced Total Annual Expense 37770 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Davis Saadian DRE#01921748 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270