2343 Scarff Street
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 8,782 sqft lot
- 1910 build
- – on site
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.
Last checked:
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Last updated Nov 5, 2024
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MLS# 24457811 —
The Building
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Year Built:1910
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New Construction:No
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Building Area Total:21770.00
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# of Buildings:1
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Total Number Of Units:31
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Stories Total:3
Interior
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Levels:Multi/Split, Three Or More
Location
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Directions:From Downtown, start on W Washington Blvd. Then, turn left onto Norwood St. Turn right onto W 23rd St and left onto Scarff St.
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Latitude:34.03226300
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Longitude:-118.28081800
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:8782.0000
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Lot Size Dimensions:50x178
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Lot Size Acres:0.2016
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Lot Size SqFt:8782.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5124012021
Heating & Cooling
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Heating:None
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Cooling:No
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Cooling:None
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/28/24
Oct 28, 2024
|
Listed / Active | CRMLS_CA | $7,895,000 |
