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Map
$1,710,000 - $2,090,000
●
Multifamily -
Off Market
1383 W 23rd St
Los Angeles, CA 90007
Studio
0 Bath
3050 Sqft
About This Property
We are pleased to offer the opportunity to acquire this turnkey two
(2) unit, fully permitted ten (10) bedroom + ten (10) bathroom
Student Housing investment opportunity, located in the DPS Patrol
Zone, and close proximity to the University of Southern California
(USC). The property is approximately 3,050 rentable square feet on
a 5,882 square foot lot and is comprised of one(1) structure, with
a unit mix consisting of one (1) 5-bedroom + 5-bathroom units in
the front, and an attached 5-bedroom + 5-bathroom brand-new
construction unit. Additionally, there is an excellent value-add
opportunity to construct an ADU in the rear, with the current owner
providing preliminary plans to construct a 4 bed + 4 bath
additional unit (Buyer to Verify). The subject property's front
structure was completely updated and remodeled in 2023, and
features brand new flooring, brand new plumbing/electrical, quartz
countertops, stainless steel kitchen appliances, tiled showers with
glass enclosures, and new in-unit washer & dryers. The back
attached unit is a brand-new unit recently constructed and
completed in 2023 and features the same high-end finishes as the
front unit, essentially delivering a brand new low maintenance
structure to any prospective buyer.The investment is 100% occupied
with USC students and fully leased for the 2023-2024 academic
school year. Combined with parental guarantees on leases and
occupancy levels routinely achieving 100% for the school year, the
asset represents a low-risk investment that is poised for continued
growth and excellent operating fundamentals. The property is
currently leased for $12,000 a month.
The manager has listed the unit size as 3050 square feet.
The manager has listed the unit size as 3050 square feet.
Unit Size
3,050Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$623
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1903
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 5, 2024 | No longer available | - | |
No longer available | |||
Oct 30, 2023 | Listed | $1,900,000 | |
Listed | |||
Jul 27, 2022 | Sold | $600,000 | |
Sold | |||
Dec 30, 2021 | Sold | $865,000 | |
Sold |
Property Highlights
Building Details
New Construction
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/20/2023
|
|
10 Bed
|
-
|
-
|
$2,050,000
10 Bed
-
|
-
-
|
-
|
Adam Shamooelian
Keller Williams Beverly Hills
|
04/15/2021
|
|
Studio
|
-
|
-
|
$700,000
Studio
-
|
$865,000
+23.57%
12/30/2021
|
-
|
Martha Morales
Keller Williams Realty
|
Building Info
1383 West 23rd Street
1383 West 23rd Street, Los Angeles, CA 90007
- 1 Unit for Sale
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