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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 925,000

Est. payment | -/mo

5 Beds

2 Baths

1,057 SqFt

Save

$ 925,000

Est. payment | -/mo

Save

5 Beds

2 Baths

1,057 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,057 sqft

Price per Sqft $875

MLS Listing ID 26835377

Bedrooms 5

HOA Y/N No

Year Built 1912

Lot Size 2,665 Sqft

Property Description

We are pleased to present a rare opportunity to acquire a vacant, fully renovated, rent-ready student housing single-family residence located just one block from the University of Southern California (USC) in the highly sought-after DPS Patrol Zone. This 5-bedroom + 2-bathroom home offers approximately 1,057 square feet of rentable space on a 2,667 square foot LARD2-zoned lot, making it ideally suited for student housing or co-living arrangements. The property has recently undergone extensive renovations, including a brand-new kitchen, updated bathrooms with modern tile work and glass shower enclosures, new vinyl plank flooring throughout, and fresh interior and exterior paint. A dedicated on-site laundry area is conveniently located outside of the property. Given its premier location just steps from campus and the USC Village, the property offers exceptional income potential. Each bedroom can achieve approximately $1,500 per month, resulting in a projected gross income of $7,500 per month. Additionally, tenants are responsible for all utilities, including water, trash, gas, and electricity, helping keep operating expenses low and maximizing net income for the owner. The investment is priced at a 8% cap rate, an excellent cash-flow opportunity. Beyond its proximity to USC, the property is within walking distance to the Metro Expo Line, providing easy access to Downtown Los Angeles and the Westside. It is also located near Exposition Park, home to major attractions such as the LA Memorial Coliseum, BMO Stadium (home of LAFC), and the future George Lucas Museum of Narrative Art. With Exposition Park set to host key events for the 2028 Los Angeles Olympics, the area continues to experience strong growth and increasing demand. This is an excellent opportunity to acquire a turnkey, high-demand rental property in one of Los Angeles' most dynamic and rapidly evolving neighborhoods.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD2

Rooms

Other Rooms Guest House, Shed(s)

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator, Dryer, Washer

Exterior

Parking Features Gated

Total Parking Spaces 2

Building

Story 1

Entry Level One

Architectural Style Craftsman

Level or Stories One

Additional Building Guest House, Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5040013029

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Davis Saadian Keller Williams Hollywood Hills #01921748

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Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

1109 Exposition BLVD Los Angeles, CA 90007

Josh Gregorio

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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1109 Exposition BLVD