Built in 1963, this well maintained two-story, wood framed/stucco apartment building features approximately 8,960 square feet of rentable area, situated on a 10,301 square feet lot. The 15-unit building consists of fourteen (14) one-bedroom/one-bathroom units and one (1) two-bedroom/one bathroom unit, laundry room, gated courtyard, and patio. The roof was redone approximately 5 years ago. Some plumbing has been upgraded to copper. Property has two (2) one car garages with garage door openers, ten (10) tuck-under, and two (2) open parking spaces. The property is ideally situated a few blocks from the University of Southern California (USC) campus enjoying the benefit of consistently providing independent student housing. 1st time on the market in over 40 years. An astute investor should be able to take advantage of the strong rental market and increase rents to maximize potential income and return on investment.
Listing provided courtesy of
, Peak Commercial, Inc.
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South Los Angeles
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