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Cyrus General

cyrus@cyrusgeneral.com +1(619) 990-7805

$ 2,100,000

Est. payment | -/mo

14 Beds

5 Baths

4,266 SqFt

Save

$ 2,100,000

Est. payment | -/mo

Save

14 Beds

5 Baths

4,266 SqFt

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 4,266 sqft

Price per Sqft $492

MLS Listing ID SR26157423

Bedrooms 14

Full Baths 5

Year Built 1904

Lot Size 6,743 Sqft

Property Sub-Type All Other Attached

Property Description

High-Yield 14-Bedroom Co-Living Portfolio Near USC & DTLA. This 14-bedroom multi-family portfolio offers an exceptional footprint for investors targeting high-density housing and co-living strategies in Los Angeles. Comprising four large-scale units distributed across two detached buildings, the property provides an efficient bedroom-to-unit ratio situated minutes from the University of Southern California (USC), Downtown LA, and major transit corridors. Unlike standard modern speculative builds, the asset provides a durable foundation tailored for high-occupancy rental use: Front Building (Historic Integrity): Verified as built in 1904 by master builder Frederick Rufus Black as his personal residence. This structure contains two massive 4-Bedroom units (one 4-bed/1-bath and one 4-bed/2-bath), featuring the expansive spatial layouts and structural character typical of the era. Back Building (Modern Turnkey): Comprises two 3-Bedroom, 1-Bathroom units, which were completely remodeled from the studs up in 2022. The property delivers immediate, stable cash flow with highly predictable operational overhead: Front Units (Two 4-Bed Layouts): Currently generating a combined $4,000/month. (much lower than the market rate). Back Units (Two 3-Bed Layouts): Rented at $2,600/month each ($5,200/month combined). Total Current Gross Income: $9,200/month ($110,400/annually). Operational expenses are minimized through separate utility metering, with 4 separate electric meters and 4 separate gas meters allowing tenants to handle their own usage overhead directly. The expansive parcel als

Location

State CA

County Los Angeles

Direction Please submit all offers to van.hamilton@viet-connect.com. Call or text: 323-788-6128. Information provided is deemed reliable but not guaranteed.

Interior

Interior Features Laminate Counters

Heating Wall/Gravity

Cooling Wall/Window

Fireplace No

Appliance Gas & Electric Range, Gas Oven

Exterior

Fence Good Condition

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N Yes

Water Access Desc Public

Roof Type Flat

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5118009021

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Van Hamilton, DRE#02160347 Jennings Realty

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+1(619) 990-7805

cyrus@cyrusgeneral.com

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1335 E Adams Los Angeles, CA 90011