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2343 Scarff Street, Los Angeles CA 90007
2343 Scarff Street, Los Angeles CA 90007
2343 Scarff Street, Los Angeles CA 90007
2343 Scarff Street, Los Angeles CA 90007
2343 Scarff Street, Los Angeles CA 90007
2343 Scarff Street, Los Angeles CA 90007
California>Los Angeles>University Park

2343 Scarff StreetLos Angeles, CA 90007

For Sale

$7,895,000

Smart Buyer Rebate $78,950

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.

Listed by Michael R. Fukushima

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License #01380445

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Keller Williams Realty Downey

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18183216490

Listed by Stephen F. Watson

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License #01187813

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Keller Williams Realty Downey

Last updated December 04, 2024

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Source: CRMLS #24457811

Listing Facts

  • TypeMulti-family
  • NeighborhoodUniversity Park
  • Bedrooms34
  • Days on Prevu313
  • Size21,770 sqft
  • Price per sqft$363

Location

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Listing History

10/28/2024
Listed by Keller Williams Realty Downey
$7,895,000

Property Details for 2343 Scarff Street

Exterior

Construction

  • Number Of Units Total: 31
  • Stories Total: 3
  • Year Built: 1910

Measurements

  • Building Area Total: 21,770
  • Lot Size Acres: 0.20
  • Lot Size Area: 8,782
  • Lot Size Dimensions: 50,178
  • Lot Size Square Feet: 8,782
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.2
  • Gross Income: $678,756.00

Taxes

  • Parcel Number: 5124012021

Interior

Features

  • Appliances: Refrigerator

Measurements

  • Living Area: 21,770

Rooms

  • Bathrooms Total Integer: 32
  • Bedrooms Total: 34

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.