663 W 23rd Street, Los Angeles, CA 90007

$1,735,000
4,886
SqFt
List Price
$1,735,000
Price Change
▼ $165,000 1610502174
Status
ACTIVE
MLS#
20631946
Year Built
1908
Living Sq. Ft
4,886
Lot Size
8,268
Acres
0.18
Days on Market
254
Property Type
Multifamily

Property Description

We are pleased to offer for sale this vacant 9-bedroom + 8-bathroom Co-Living/ Boarding House/ Student Housing investment opportunity located at 663 W. 23rd Street, walking distance to the internationally renowned University of Southern California (USC). Consisting of one single structure, this building was constructed of wood frame and stucco on a raised foundation built in 1908, with a square footage of 4,886 on a 8,268-square foot lot. The investment is comprised of a unit mix consisting of (5) 1+1, (1) 2+1, & (1) 2+2 room. The investment was previously ran as a Bed & Breakfast/ Hotel - and boasts spacious floor plans, secured gated entry, on-site laundry & parking for additional income, and updated copper plumbing throughout. The property is 100% vacant, well positioned only 1 block to DASH, and between Downtown Los Angeles and the USC campus & Village. The spacious lot may allow an investor to build (2) ADU's for additional income.

Additional Information

Number Of Units Total
7
Unit One Total Units
5
Unit One Beds
1
Unit One Baths
1
Unit One Actual Rent
6750.00
Unit One Total Rent
6750.00
Unit One Pro Forma
6750
Unit One Furnished
Furnished
Unit Two Total Units
1
Unit Two Beds
2
Unit Two Baths
1
Unit Two Actual Rent
2500.00
Unit Two Total Rent
2500.00
Unit Two Pro Forma
2500
Unit Two Furnished
Furnished
Unit Three Total Units
1
Unit Three Beds
2
Unit Three Baths
2
Unit Three Actual Rent
2500.00
Unit Three Total Rent
2500.00
Unit Three Pro Forma
2500
Unit Three Furnished
Furnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Davis Saadian from BRC Advisors- BH

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.