$632,500
$649,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
2 Baths
552 SqFt
SOLD DATE : 09/11/2024
Key Details
Sold Price $632,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 552 sqft
Price per Sqft $1,145
MLS Listing ID 24418133
Sold Date 09/11/24
Bedrooms 1
Full Baths 2
HOA Y/N No
Year Built 1922
Lot Size 2,848 Sqft
Property Description
We are pleased to offer the opportunity to acquire this vacant student housing Single Family Residence, located in the highly desirable DPS Patrol Zone, and close proximity to the University of Southern California (USC). This 1-bedroom + 1.5-bathroom house has been completely updated & remodeled - featuring hardwood floors, stainless steel kitchen appliances, granite counter tops, AC mini-splits, double pane windows, tiled showers with glass enclosures, & an in-unit washer & dryer. The 2,850 SF lot is zoned LAR3, and has a spacious empty detached garage, excellent for an investor to convert into a 4-bedroom + 4-bathroom ADU to further increase cash-flow (about $6,000/month), generating an even higher yield/ net income. Landlord expenses are significantly minimal as the tenants pay for all water, trash, gas & electricity. In addition to its proximity to USC, the property benefits from being within close proximity to a Metro Expo Line station offering a short commute to Downtown Los Angeles and the Westside. The property is also nearby to Exposition Park, home of the world-famous LA Coliseum, the new LAFC Stadium and the new George Lucas Museum of Narrative Art. Exposition Park will play host to many key activities and events in the upcoming 2028 LA Olympics.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Rooms
Other Rooms Shed(s)
Interior
Interior Features Ceiling Fan(s)
Cooling Dual
Flooring Wood
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer
Laundry See Remarks
Exterior
Garage Driveway, Garage, Private
Pool None
View Y/N Yes
View City Lights
Parking Type Driveway, Garage, Private
Total Parking Spaces 2
Private Pool No
Building
Story 1
Entry Level One
Architectural Style Craftsman
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5040022016
Special Listing Condition Standard
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Bought with Raj Shah • Pioneer Realty & Investments
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "