2119 S Union Ave 2119 S Union Ave 6 Unit Apartment Building $1,625,000 ($270,833/Unit) 6.92% Cap Rate Los Angeles, CA 90007

CASH COW! An exceptional opportunity to own a 6-unit private student housing property near the University of Southern California. Located within USC's Department of Public Safety Patrol Zone and Campus Cruiser area, this asset offers immediate income with a 6.9% CAP Rate. The property includes a renovated 4-unit building built in 1912 with one fully remodeled unit featuring new plumbing, HVAC, electrical, kitchen, baths, flooring, lighting, doors, windows, and upgraded main water line and electric panel. In addition, there is a brand new 2-story ADU built in 2024 with two 3-bedroom, 3-bathroom townhome-style units designed for student living with modern finishes and efficient systems. The property offers potential for up to 30 beds with double occupancy layouts and is within walking distance to USC Campus, Metro Line, USC Village, and Exposition Park, property located within DPS patrol zone and ride share program. the property is surrounded by strong student rental demand! This investment combines strong existing income with major upside through student unit conversions.
Agent Remarks : For more information regarding showings please contact Michael Fukushima at (818) 321-6490 or Stephen Watson at (213) 446-3636. DRIVE BY ONLY! DO NOT DISTURB TENANTS!