2343 Scarff Street
$7,895,000
34
32
21,770
21,770
$363
Description
Discover an exceptional investment opportunity with this prime building located just a short walk from the prestigious University of Southern California. This well-maintained property features 31 units, comprising 18 one-bedroom apartments, 12 studio units, and a spacious four-bedroom, two-bathroom additional dwelling unit, catering to a diverse range of tenant needs. Currently generating over $55,000 in monthly income, this property boasts an impressive 6.20% CAP rate and an 11.63 GRM, making it...Discover an exceptional investment opportunity with this prime building located just a short walk from the prestigious University of Southern California. This well-maintained property features 31 units, comprising 18 one-bedroom apartments, 12 studio units, and a spacious four-bedroom, two-bathroom additional dwelling unit, catering to a diverse range of tenant needs. Currently generating over $55,000 in monthly income, this property boasts an impressive 6.20% CAP rate and an 11.63 GRM, making it a lucrative addition to any portfolio. The property is professionally managed and is fully occupied for the 2024-2025 USC school year, ensuring a steady income stream. Additionally, the property holds a Mills Act designation, providing significant property tax savings that enhance its investment potential.
- Listed by Michael R. Fukushima • DRE #01380445 • Brokerage DRE #00752861 • Keller Williams Realty Downey
- Listed by Stephen F. Watson • DRE #01187813 • Brokerage DRE #00752861 • Keller Williams Realty Downey
Property Details for 2343 Scarff Street
Zoning
LARD1.5
Parcel Number5124012021
Total Units31.0
Living Area21770
Source Living AreaVendor Enhanced
AreaDowntown L.A. (C42)
Vacancy Rate2%
Lot Size Area8782
LISTING UPDATED: 11/05/2024 12:01 AM
Property Details for 2343 Scarff Street
Status | Active |
---|---|
MLS # | 24-457811 |
Days on Market | 54 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1910 |
Lot Size | 0.20 AC / 8,782 SF |
County | Los Angeles County |
Building Information for 2343 Scarff Street
Stories3Residences-Year Built1910Building Size-Lot Size0.20 AC / 8,782 SF
Property Information for 2343 Scarff Street
Property History for 2343 Scarff Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2343 Scarff Street
Taxable ValueLand$2,545,000Additions$1,103,300Total$3,648,300
Tax Record2024$46,286 ($3,857 / month)
Home Facts
Total Finished SqFt21,770 SqFtAbove Grade Finished SqFt21,770 SqFtLot Size8,779 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningLARD1.5CountyLOS ANGELESAPN5124-012-021
Schools near 2343 Scarff Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Norwood Street Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 | ||
Alliance Gertz-Ressler Richard Merkin 6-12 Complex Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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