2119 S Union Ave - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$1,625,000 USD
818-321-6490
2119 S Union Ave, Los Angeles, CA for Sale
$1,625,000 USD
Apartments - FOR SALE
1/7
null | 6.92% Cap Rate

2119 S Union Ave
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • USC STUDENT HOUSING OPPORTUNITY!!
  • LOCATED JUST MINUTES AWAY FROM THE USC CAMPUS!
  • LOCATED WITHIN DPS PATROL ZONE AND RIDE SHARE PROGRAM!
  • HUGE RENTAL UPSIDE!
  • NEW ADU BUILT IN 2024!

OVERVIEW

CASH COW! An exceptional opportunity to own a 6-unit private student housing property near the University of Southern California. Located within USC's Department of Public Safety Patrol Zone and Campus Cruiser area, this asset offers immediate income with a 6.9% CAP Rate. The property includes a renovated 4-unit building built in 1912 with one fully remodeled unit featuring new plumbing, HVAC, electrical, kitchen, baths, flooring, lighting, doors, windows, and upgraded main water line and electric panel. In addition, there is a brand new 2-story ADU built in 2024 with two 3-bedroom, 3-bathroom townhome-style units designed for student living with modern finishes and efficient systems. The property offers potential for up to 30 beds with double occupancy layouts and is within walking distance to USC Campus, Metro Line, USC Village, and Exposition Park, property located within DPS patrol zone and ride share program. the property is surrounded by strong student rental demand! This investment combines strong existing income with major upside through student unit conversions. Agent Remarks : For more information regarding showings please contact Michael Fukushima at (818) 321-6490 or Stephen Watson at (213) 446-3636. DRIVE BY ONLY! DO NOT DISTURB TENANTS!

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

6

PRICE/UNIT

$270,833

CAP RATE

6.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2119 S Union Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,997 SF

ZONING

LARD2

APN/PARCEL ID

5124-002-010

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.