$1,649,000

Estimated payment $10,634/month

Total Views 234
13 Beds
8 Baths
5,632 Sq Ft
$293 Price per Sq Ft

About This Home

Prime USC investment! This 8-unit apartment building hits the market with over an 8% day-one cap rate plus huge rental upside. Featuring five oversized 2BR/1BA units and three 1BR/1BA units, plus 1.5 parking spaces per unit (three additional carports for extra income or easy ADU conversion), the property offers both strong cash flow and future flexibility. Just steps from USC, BMO Stadium, and the Coliseum, it sits on an oversized 8,419 SF C-2 lot in a Tier 3 TOC zone, unlocking incredible long-term development potential. With a brand-new roof (2025) and no deferred maintenance, this is the ultimate land bank with income—priced to sell and won’t last long!

Listing Agent

Matias Stofenmacher

Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5707 License #01705003 Listed on: 08/18/2025

Co-Listing Agent

Sebastian Stofenmacher

Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5707 License #01328684

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,419 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 12 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 5,632 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 121
  • Assessor Parcel Number 5019012031

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $8,000
  • Other Expense $7,454
  • Water Sewer Expense $14,418
  • New Taxes Expense $21,125
  • Operating Expense $50,996
  • Gross Income $200,827
  • Net Operating Income $144,232

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 206125
  • Property Attached: Yes
  • Water Sewer Expenses: 14418.00
  • Zoning: LAC2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5019012031
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 292.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 12.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8419.00
  • Lot Size Acres: 0.1933

Multi Family

  • Average1 Bed Area: 704 Square Feet
  • Average2 Bed Area: 704 Square Feet
  • Gross Income: 200827.00
  • Gross Scheduled Income: 200827.00
  • Insurance Expense: 8000.00
  • Lot Size Area: 8419.0000 Square Feet
  • Net Operating Income: 144232.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 50996.00
  • Other Expense: 7454.00
  • Rent Control: Yes
  • Total Actual Rent: 16735.50
  • Total Expenses: 50996.00
  • Vacancy Allowance: 6025
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21125.00
  • Tax Census Tract: 2317.20
  • Tax Lot: 121

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $1,649,000 -- $293 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25186335

California Regional Multiple Listing Service (CRMLS)