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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$1,299,900

Est. payment - /mo

10 Beds

9 Baths

3,630 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,630 sqft

Price per Sqft $358

MLS Listing ID 26650049

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1920

Lot Size 6,882 Sqft

Property Description

Immediate cash flow! Currently leased at $10,643/month through July 2027 and ADU potential. We are pleased to offer the opportunity to acquire this high yield Duplex, featuring 10-bedroom + 9-bathroom Student Housing investment opportunity, blocks to the University of Southern California (USC). The duplex is approximately 3,630 rentable square feet on a 6,881 square feet lot, was fully remodeled in 2020 with city permit, featuring brand new exterior stucco/paint, completely updated bathrooms with new electrical, plumbing, sewer and gas lines, brand new portable AC systems, and in-unit washer & dryer on each floor. The investment is 100% occupied with students/graduates and fully leased for the 2025-2026 academic school year. With a consistent 100% occupancy rate, this asset offers a low-risk, stable investment with strong potential for continued growth and excellent operating fundamentals. The property generates a gross income of $12,000 per month, with tenants responsible for all utilities, including water/gas/electricity. Additionally, the large 6,881 SF (LARD1.5 zone, TOC Tier 2) lot presents an opportunity for further cash flow enhancement by constructing ADUs. DO NOT DISTURB THE TENANTS. Showing by Appointment only.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Natural Gas

Cooling Heat Pump

Fireplaces Type Bath, Dining Room, Electric, Gas, Kitchen

Fireplace Yes

Appliance Convection Oven, Dryer

Laundry In Kitchen, Stacked

Exterior

Parking Features Driveway

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5053034014

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

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Listed by Ying Luo Real Estate eBroker Inc. #01967643

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

2705 S Normandie AVE Los Angeles, CA 90007

Ernie Caponera

Key Details

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Others

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2705 S Normandie AVE