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    1978 Estrella Ave

    Los Angeles, CA 90007
    • $2,300,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 21-679236
    UPDATED: 62 min ago
    $2,300,000
    • 10
      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 the Combined LA/Westside Multiple Listing Service as of 2021-03-04T19:43:11.41. 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/113202943
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    1978 Estrella Ave Los Angeles, CA 90007

    • Price: $2,300,000
    • Status: Active
    • Updated: 62 min ago
    • MLS #: 21-679236
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,552
    SQFT
    $505
    $/SQFT
    1887
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    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 Area 6196 Other Structures None Parking Garage Auto Driveway Gate Total Parking 10

    Interior Features

    Baths Total 10.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 270562 Gross Income 19320 Gross Operating Income 189360 Like Units1 5 Like Units2 5 Net Operating Income 149484.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 39876 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T19:43:11.41. 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