1277 W 23RD Street

    Los Angeles (City), CA 90007
    • $2,200,000
    • STATUS: Active Under Contract
    • ON SITE: 79 days
    • ID#: 18388906
    Under Contract
    UPDATED: 40 min ago
    $2,200,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,370
      SQFT
    • $503
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    ACTUAL 5.6% CAP RATE! 16% UPSIDE IN RENTS! 30% DOWN PAYMENT! Recession-Proof USC Student Housing. Everything is NEW - Easy Management & Low Maintenance. Turn-Key Property with - All New Copper Plumbing & Drains - Upgraded Electrical System - All New Interiors with Laminate Hardwood Flooring & Recessed Lighting - All New Kitchens with Quartz Counters & Stainless Appliances - All New Bathrooms & Fixtures - All New Milgard Windows. All work completed with permits & approved architectural plans. 100% Occupied - Individual Unit Leases with Parent Guarantees. Located inside USC DPS Patrol Zone. 5 Minute Bike Ride to Campus.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T07:26:46.967. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/87822377

    1277 W 23RD Street Los Angeles (City), CA 90007

    • Price: $2,200,000
    • Status: Active Under Contract
    • Updated: 40 min ago
    • ID#: 18388906
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,370
    SQFT
    $503
    $/SQFT
    1964
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    ACTUAL 5.6% CAP RATE! 16% UPSIDE IN RENTS! 30% DOWN PAYMENT! Recession-Proof USC Student Housing. Everything is NEW - Easy Management & Low Maintenance. Turn-Key Property with - All New Copper Plumbing & Drains - Upgraded Electrical System - All New Interiors with Laminate Hardwood Flooring & Recessed Lighting - All New Kitchens with Quartz Counters & Stainless Appliances - All New Bathrooms & Fixtures - All New Milgard Windows. All work completed with permits & approved architectural plans. 100% Occupied - Individual Unit Leases with Parent Guarantees. Located inside USC DPS Patrol Zone. 5 Minute Bike Ride to Campus.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Attached Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes

    Property Features

    Cable Tv Expense 2156.00 Cap Rate 5.57 Garage Income 3600.00 Gross Multiplier 12.47 Gross Operating Income 176412.00 Improvements Amount 87214 Insurance Expense 2834.00 Land Value 25929 Laundry Income 1200.00 Maintenance Expense 4800.00 Net Operating Income 122455.00 Other Income1 600.00 Special Listing Conditions Standard Total Expenses 55290.00 Trash Expense 2640.00 Water Sewer Expense 4800.00 Zoning Lard2

    Listing provided courtesy of Peter Strauss of Iconic Investments.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T07:26:46.967. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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