$1,249,900

Residential Income In Los Angeles

  • 10 Beds
  • 9 Baths
  • 3,630 Sqft
  • 6,883 Sqft lot
  • Updated: Today
  • Source:
    The MLS (CLAW)  MLS#26985791

About the Property

Immediate cash flow! Currently leased at $10,543/month through July 2027 with 7.98% cap rate and ADU potential. We are pleased to offer the opportunity to acquire this high yield Duplex, featuring 10-bedroom + 9-bathroom Student Housing investment opportunity, blocks to the University of Southern California (USC). The duplex is approximately 3,630 rentable square feet on a 6,881 square feet lot, w
Immediate cash flow! Currently leased at $10,543/month through July 2027 with 7.98% cap rate and ADU potential. We are pleased to offer the opportunity to acquire this high yield Duplex, featuring 10-bedroom + 9-bathroom Student Housing investment opportunity, blocks to the University of Southern California (USC). The duplex is approximately 3,630 rentable square feet on a 6,881 square feet lot, was fully remodeled in 2020 with city permit, featuring brand new exterior stucco/paint, completely updated bathrooms with new electrical, plumbing, sewer and gas lines, brand new portable AC systems, and in-unit washer & dryer on each floor. The investment is 100% occupied with students/graduates and fully leased for the 2025-2026 academic school year. With a consistent 100% occupancy rate, this asset offers a low-risk, stable investment with strong potential for continued growth and excellent operating fundamentals. The property generates a gross income of $12,000 per month, with tenants responsible for all utilities, including water/gas/electricity. Additionally, the large 6,881 SF (LARD1.5 zone, TOC Tier 2) lot presents an opportunity for further cash flow enhancement by constructing ADUs. DO NOT DISTURB THE TENANTS. Showing by Appointment only.
  • Property type

    Other

  • Floors

    2

  • Year built

    1920

  • Price/sqft

    $344

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2705 S Normandie Avenue, Los Angeles, California, United States View on Google Maps
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Real Estate eBroker Inc. - San Marcos

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Real Estate eBroker Inc. - San Marcos
California, United States
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5
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2025
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Real Estate eBroker Inc. - San Marcos
San Marcos, California, United States
View agency profile
Last updated
Today
First listed
Sep 10
Listing reference
26985791
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