8-Unit USC Student Housing Value-Add | 110% Rental Upside - CAN POTENTIALLY BUY WITH ONLY $150,000 DOWN Property Description: 2717 S Budlong Avenue is an 8-unit multifamily value-add opportunity located inside the USC Secured Zone / DPS Patrol Area, a few blocks from the University of Southern California campus and USC Village. The 1931 two-story Spanish-style building totals approximately 7,314 rentable square feet on a 7,775 square foot LAR3 lot. The unit mix consists of six 2Bd+1Ba units at approximately 969 square feet and two 1Bd+1Ba units at approximately 750 square feet, averaging roughly 822 square feet per unit — large, efficient floor plans well suited to shared student tenancy. Eight lined parking spaces sit at the rear of the property, a meaningful amenity and rent driver in the University Park submarket. The building is separately metered for gas and electric, and the electrical service has been recently updated. Original tile roofing and Spanish detailing give the property curb appeal that newer product in the area lacks. The opportunity is the spread between in-place and achievable rents. Current scheduled gross income is $113,744 annually against a stabilized market figure of $238,800 — approximately 110% rental upside. At the $1,250,000 offering price, the asset trades at $156,250 per unit and $171 per square foot, well below the recent comparable average of $290,620 per unit and $294 per square foot. Stabilized at market rents, the property underwrites to a 13.55% cap rate and a 5.23 GRM. Offered at $1,250,000. Full offering memorandum, rent roll, and financials available on request. Investment Highlights USC Secured Zone / DPS Patrol Area — blocks from campus Approximately 110% rental upside to market 13.55% market cap rate | 5.23 market GRM $156,250 per unit — well below comparable average 8 lined parking spaces Separately metered gas and electric Recently updated electrical service Large 969 SF two-bedroom floor plans ideal for student housing