2119 S Union AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90007
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,671 sqft
Price per Sqft $243
MLS Listing ID 25546793
Bedrooms 15
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1912
Lot Size 7,000 Sqft
Property Description
CASH COW! An exceptional opportunity to own a 6-unit private student housing property near the University of Southern California. Located within USC's Department of Public Safety Patrol Zone and Campus Cruiser area, this asset offers immediate income with a 6.9% CAP Rate. The property includes a renovated 4-unit building built in 1912 with one fully remodeled unit featuring new plumbing, HVAC, electrical, kitchen, baths, flooring, lighting, doors, windows, and upgraded main water line and electric panel. In addition, there is a brand new 2-story ADU built in 2024 with two 3-bedroom, 3-bathroom townhome-style units designed for student living with modern finishes and efficient systems. The property offers potential for up to 30 beds with double occupancy layouts and is within walking distance to USC Campus, Metro Line, USC Village, and Exposition Park, property located within DPS patrol zone and ride share program. the property is surrounded by strong student rental demand! This investment combines strong existing income with major upside through student unit conversions.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD2
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplace No
Appliance Gas Range,Microwave,Dryer,Washer
Exterior
Parking Features Driveway
View Y/N No
View None
Total Parking Spaces 2
Building
Story 2
Entry Level Two
Architectural Style Craftsman
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5124002010
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)
Special Listing Condition Standard