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$ 17,950,000
Est. payment | /mo
17,099 SqFt
$ 17,950,000
Est. payment | /mo
17,099 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 17,099 sqft
Price per Sqft $1,049
MLS Listing ID CL24458303
HOA Y/N No
Year Built 1931
Lot Size 0.491 Acres
Acres 0.49
Property Sub-Type Other
Property Description
Best property in the student housing area surrounding the USC campus! Discover the crown jewel of the North University District with this stunning updated historic property, perfectly tailored for USC students seeking a blend of luxury and tradition. This unique residence boasts a beautiful Spanish-hacienda design, preserving its ornate architectural details while offering modern amenities that ensure comfort and convenience. The property currently features 20 units, comprising a mix of eight two-bedroom apartments and 12 one-bedroom apartments, providing ample options for students. There are preliminary plans to add six additional units by right and potentially up to eight Additional Dwelling Units, expanding the total rentable area by about 5,500 sq. ft. This enhancement could increase rental income by approximately $270,000 annually. There is an opportunity to increase the number of bedrooms inside the existing building. Each unit has ample space to add an additional bedroom. Don't miss your chance to own this remarkable piece of real estate that seamlessly blends historic charm with modern luxury.
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 5055006008
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Michael R. Fukushima • Keller Williams Realty Downey
GET MORE INFORMATION
Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com