Request More Info
Schedule a Showing
Share
Print
|
We are proud to present the exclusive opportunity to acquire this beautifully updated, fully renovated and modern 5-unit apartment complex located in the premier North of Campus USC student housing submarket and within the highly coveted USC Department of Public Safety (DPS) Patrol Zone. Properties in this pocket rarely come to market, particularly those offering a combination of renovated improvements, newer construction, and additional development upside. The property consists of approximately 3,490 square feet of improvements situated on a well-located 6,863 square foot parcel, walking distance the University of Southern California. The asset is comprised of two separate structures: a fully renovated 2-unit front building that has been taken down to the studs and rebuilt with upgraded building systems, and a newer rear 3-unit structure constructed in 2015. The front building has been taken down to the studs and fully renovated, effectively delivering like-new construction with upgraded electrical, plumbing, roofing, and modern interior finishes. This structure consists of a spacious 4-bedroom + 4-bathroom unit and a large studio unit. The rear 2015 structure was constructed with modern layouts tailored for USC student housing, consists of three (3) 2-bedroom + 2-bathroom units designed to maximize rental demand and tenant appeal.Units feature modern finishes and amenities including vinyl plank hardwood flooring, recessed lighting, quartz countertops, stainless steel appliances, dishwashers, in-unit washer and dryers, and remote-controlled mini splits. Each unit is separately metered for gas, electricity, and water, minimizing owner expenses and creating a highly efficient operating structure.In addition to the existing improvements, the property offers significant value-add potential through approved Ready-To-Issue (RTI) plans and permits to convert approximately 860 square feet of attic space into a new 4-bedroom + 2-bathroom accessory dwelling unit (ADU). The proposed ADU is projected to achieve market rents of approximately $6,400 per month, providing a significant additional income stream and further enhancing the property's overall cash flow. Priced at a 6.5% cap rate, the property offers investors strong in-place income, modern improvements, and additional upside through the future ADU conversion. The property is 100% occupied with USC students and is fully leased for the 2025-2026 academic year with leases already secured for the 2026-2027 year. Email listing agent for the executive summary/ financial analysis.
Property Type(s):
Residential Income
| Last Updated | 3/23/2026 | Year Built | 2015 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | County | Los Angeles |
Additional Details
| AIR | Dual |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Refrigerator, Washer |
| AREA | C16 - Mid Los Angeles |
| LOT | 6865 sq ft |
| LOT DIMENSIONS | 50x137 |
| PARKING | None |
| STORIES | 2 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Keller Williams Hollywood Hills
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email