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The Best Location Location Location for Value-add USC off Campus Ten (10) bedroom + Ten (10) bathroom Student Housing investment opportunity, located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students Combined with parental guarantees on leases. The property is currently master leased to a reputable Property Management company until July 31, 2026. Managing Company is Currently collecting gross rents of around $15,170/month. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LAR4, more potential. The subject property is composed of two (2) separate buildings, with two (2) 3-bedroom + 3-bathroom units in the front - 1213 - 1215 W. 24th St, and a 4-bedroom + 4-bathroom brand-new ADU in the back - 1213 1/2 W 24th St. The property's front unit was updated and remodeled in 2021, and features brand new flooring, brand new plumbing/electrical, updated roof, quartz countertops, stainless steel kitchen appliances, new bath rooms, tiled showers with glass enclosures, and new in-unit washer & dryers. The back unit is a brand-new ADU recently constructed and completed in 2021 and features the same high-end finishes as the front unit, essentially delivering a brand new low maintenance properties to any buyer. The investment boasts spacious floor plans, secured gated entry, and on-site laundry. The property is approximately 3167 s.f., 5873 s.f. lot. This property has charming turn of the century details that you will adore. The asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. Don't miss!
Property Type(s):
Residential Income
| Last Updated | 7/15/2025 | Year Built | 1956 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | County | Los Angeles |
Additional Details
| AREA | C16 - Mid Los Angeles |
|---|---|
| LOT | 5872 sq ft |
| LOT DESCRIPTION | Front Yard |
| POOL DESCRIPTION | None |
| SEWER | Unknown |
| STORIES | 1 |
| WATER | Other |
Location
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Listed with IRN Realty
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.
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