2343 Scarff St, Los Angeles CA, 90007

Active

2343 Scarff St

Los Angeles CA, 90007

$7,895,000

$362.66 per sqft

Active

34 Beds

32 Baths

21,770 sqft

Multi-family

Built in 1910

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.

24-457811

MLSⓇ ID

October 28, 2024

Listed

November 5, 2024

Updated

Map

2343 Scarff St
Los Angeles CA, 90007

Interior Features

Total Stories: 3
Bedrooms: 34
Total Bathrooms: 32
Appliances: Range/Oven, Refrigerator
Fireplace: No
Cooling: No
Cooling Description: None
Heating: No
Heating Description: None

Exterior/Building Features

Lot Size: 0.2 Acres

Other Property Details

Area Name: Downtown L.A.
Days on Market: 8
Garage: No
Parking: None
Parking Total: 0
View: No
County: Los Angeles
Pool: No
Zoning: LARD1.5

Listed by Michael R. Fukushima with Keller Williams Realty Downey
Listing Contact: 818-321-6490

Based on information from The MLS^TM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Beachrock Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 11/5/2024