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    657 W 23rd St

    Los Angeles, CA 90007
    • $1,997,500
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: 20-631902
    UPDATED: 82 min ago
    $1,997,500
    • 13
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,764
      SQFT
    • $347
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this vacant 5 unit, 13-bedroom + 7-bathroom Student Housing investment opportunity located at 657 W. 23rd Street, walking distance to the internationally renowned University of Southern California (USC). Consisting of one single structure, this building was constructed of wood frame and stucco on a raised foundation built in 1955, with a square footage of 5,764 on a 8,221-square foot lot. The investment is comprised of a unit mix consisting of (1) 4+2.5, (1) 3+1, & (3) 2+1 units. The investment boasts spacious floor plans, secured gated entry, on-site laundry & parking for additional income, and updated copper plumbing throughout. The property is 100% vacant, well positioned only 1 block to DASH, and between Downtown Los Angeles and the USC campus & Village. This is an excellent value-add property for an investor to take on.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T07:42:22.02. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/109960075
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    657 W 23rd St Los Angeles, CA 90007

    • Price: $1,997,500
    • Status: Active
    • Updated: 82 min ago
    • ID#: 20-631902
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,764
    SQFT
    $347
    $/SQFT
    1955
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    We are pleased to offer for sale this vacant 5 unit, 13-bedroom + 7-bathroom Student Housing investment opportunity located at 657 W. 23rd Street, walking distance to the internationally renowned University of Southern California (USC). Consisting of one single structure, this building was constructed of wood frame and stucco on a raised foundation built in 1955, with a square footage of 5,764 on a 8,221-square foot lot. The investment is comprised of a unit mix consisting of (1) 4+2.5, (1) 3+1, & (3) 2+1 units. The investment boasts spacious floor plans, secured gated entry, on-site laundry & parking for additional income, and updated copper plumbing throughout. The property is 100% vacant, well positioned only 1 block to DASH, and between Downtown Los Angeles and the USC campus & Village. This is an excellent value-add property for an investor to take on.
    Exterior Features

    Lot Size Area 8221 Other Structures None Parking Garage Driveway Total Parking 5

    Interior Features

    Baths Total 7.00 Cooling Air ConditioningCeiling FanWall Unit(S) Equipment None Heating Wall

    Property Features

    Assessed Total Value 249104 Gross Income 172800 Gross Operating Income 169368 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 126106.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 43262 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T07:42:22.02. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211