We are pleased to offer for sale this three (3) unit, eleven (11) bedroom, student housing investment opportunity, located walking distance to the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 1907, with approximately 3,640 rentable square feet on a 5,660 square foot lot. The investment is comprised of two (2) structures, with a unit mix consisting of one (1) 5-bedroom + 2-bathroom unit, one (1) 4-bedroom + 2-bathroom unit, & one (1) 2-bedroom + 1-bathroom unit. The Property is 100% occupied with USC students, and 2 of the 3 units are pre-leased for the 2021-2022 academic school year. There's a combination of vintage architectural detail and best-in-class modern interior standards. The property includes spacious, fully updated & remodeled units, updated copper plumbing, and an outdoor common area with a 6-8 person hot tub.
Based on the average sale price from the Beverly Hills, CA office
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
2824 Menlo Avenue Los Angeles, CA is a Single Family Home for sale at $2725000 with 3640 sqft and a lot size of 5,227 SqFt Acre(s). 2824 Menlo Avenue Los Angeles has 0 bedrooms, 0 baths and was built in 1934. The property's zip code is 90007 which is in Los Angeles, CA
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.