$4,998,888 Price Analysis   ♡   Los Angeles, CA 90018 28 bed 28 bath 9,700 SqFt ($515/SqFt) 6,192SqFt lot. Built 2024 Listed 2024-06-07, Taxes $8,945 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Divine Investment Group Inc Presents: A Prime Cash Flow Oppo rtunity in Student and Co-Living Housing.
Discover an exceptional investment opportunity with Divine Investment Group Inc's latest development, strategcally positioned to maximize returns. Located within walking distance of the prestigious University of Southern California (USC), this property promises unparalleled convenience and income potential. Property Overview: 28 Bedrooms, 28 Bathrooms: Boasting 2 units plus an Accessory Dwelling Unit (ADU), this property offers a total of 28 bedrooms and 28 private en-suite bathrooms, catering to the needs of students and regular tenants seeking modern, comfortable living spaces. Centrally Located: Situated in a prime location, this development provides easy access to USC and surrounding amenities, ensuring a desirable living experience for students. Rentable Sq ft: Spanning approximately 9, 700 sqft of rentable space, this property offers ample room for residents to study, socialize and unwind. Unit Features: Front 3-Story Unit: Comprising 15 vast bedrooms and 15 bathrooms, this unit features two large common areas and a well-appointed kitchen.
Each floor is equipped with its own washer and dryer rooms, enhancing convenience for residents. Back 3-Story Unit: Offering 10 generously sized bedrooms and 10 bathrooms, this unit includes a large common area and a separate kitchen on a different floor. Washer and dryer rooms on each floor ensure seamless access to laundry facilities. Accessible ADU: Designed with inclusivity in mind, the ADU features wheelchair-accessible accommodations with 3 spacious bedrooms and 3 bathrooms, catering to diverse resident needs. Cash Flow Opportunity: With its prime location and well-designed units, this brand new development presents a lucrative cash flow opportunity for investors seeking stable returns in the student housing market. High Demand: Positioned near a renowned educational institution, this property is primed to attract a steady stream of tenants, ensuring high occupancy rates and consistent rental income. Upside Potential: With the option to capitalize on the thriving student housing market, investors have the opportunity to maximize their returns through rental appreciation and strategic property management. Contact Divine Investment Group Inc to learn more about this housing development and secure your stake in a lucrative cash flow venture. Income is estimated allowing an astute investor to maximize return
Presented by Ernesto Ramos at
Excellence RE Real Estate, Inc .
Property MLS #DW24116081 from CRMLS
Heating Features: Central
Heating: Yes
Lot Size Acres: 0.1421488
Lot Size Source: Assessor
Lot Size Square Feet: 6192
Bedrooms in Unit-1: 15
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 10
Total Bathrooms in Unit-1: 15
Total Bathrooms in Unit-2: 3
Total Bathrooms in Unit-3: 10
County: Los Angeles
Cap Rate: 6.55
Source Property Type: Residential Income
Insurance Expense: 7275.00
Area: C42 - Downtown L.A.
Source Neighborhood: C42 - Downtown L.A.
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 2
Parcel Number: 5041020022
Postal Code Plus 4: 4540
Trash Expense: 2700.00
Walk Score: 73
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $230,000 + $500,000 $730,000 | $8,945 |
| 2021 | $37,638 + $31,358 $68,996 | $1,147 |
| 2020 | $37,253 + $31,037 $68,290 | $1,151 |
| 2019 | $36,523 + $30,429 $66,952 | $1,120 |
| 2018 | $35,807 + $29,833 $65,640 | $974 |
| 2017 | $35,105 + $29,249 $64,354 | $957 |
| 2016 | $34,417 + $28,676 $63,093 | $911 |
| 2015 | $33,901 + $28,246 $62,147 | $900 |
| 2014 | $33,237 + $27,693 $60,930 | $918 |
| 2013 | $33,087 + $27,568 $60,655 | $997 |
| 2012 | $32,439 + $27,028 $59,467 | $1,010 |
| 2010 | $31,803 + $26,499 $58,302 | $1,010 |
| 2009 | $31,641 + $26,364 $58,005 | $971 |
| 2009 | $31,566 + $26,301 $57,867 | $971 |
| 2008 | $31,021 + $25,848 $56,869 | $940 |
| 2007 | $30,413 + $25,342 $55,755 | $905 |
$4,998,888
CRMLS
Listed 2024-04-25
$4,998,888
CRMLS
Sold 2023-02-08
$1,255,000
CRMLS
Sold 2021-10-19
$730,000
Public Record
Sold 1978-07-06
$21,000
Public Record
Year Built: 2024
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front and Side
New Construction: Yes
Building Total Stories: 3
Structure Type: Duplex
Year Built Source: Builder
Water Source: Public
Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.