858-525-5007

2343 Scarff, Los Angeles CA 90007 | $7,895,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 8782 Lot Sq Ft
  • Type:
  • Stories: 3
  • Year Built: 1910
  • MLS#: 24457811
  • Community: C42 - Downtown L.A.

Listing provided courtesy of Michael R. Fukushima of Keller Williams Realty Downey. Last updated 2024-11-28 09:11:52.000000. Listing information © 2024 SANDICOR.

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.

More Details

0.2 Acres
3 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985