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Fantastic 7.2% CAP rate opportunity! Newly remodeled Triplex with 13 full bedroom suites located just blocks from USC. ADU plans are permitted and RTI (Ready to build 896 sq ft: 3 additional bedroom suites with kitchen on the back side of property). The front building has 5 bedroom suites, 1 kitchen, 1 dining area. The back building upstairs has 4 bedroom suites, 1 kitchen, 1 dining area and 1 lounge area. The back building downstairs has 4 bedroom suites, 1 kitchen, 1 dining area and 1 lounge area. Remodeled in 2020: new roof (front building), new windows, new electrical and copper plumbing, new kitchen and bathrooms, new 13 individual AC units, new paint and new laminate wood flooring. There is an onsite laundry room with 2 washers and 2 dryers for convenience. 13 of the 13 units have been rented to USC students and have contracts in place for 2025-2026 school year. Room in rear to park 4 cars or build approved ADU! Low maintenance, great curb appeal! Located in the USC DPS (dept of public safety) patrol zone.
Property Type(s):
Residential Income
| Last Updated | 3/7/2025 | Year Built | 1964 |
|---|---|---|---|
| Community | Mid Los Angeles | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range, Refrigerator, Water Heater |
| AREA | Mid Los Angeles |
| GARAGE | Driveway |
| HEAT | See Remarks |
| HOA DUES | 0 |
| INTERIOR | Furnished, Quartz Counters, Recessed Lighting |
| LOT | 6249 sq ft |
| LOT DESCRIPTION | Front Yard |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LAR2 |
Location
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Listed with Engel & Volkers Pasadena
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