Address
2301 Scarff Street Los Angeles, CA
Price
$ 2,490,000
Property Attributes
- MLS#PW20250437
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaDowntown L.A.
- Zip90007
- Style
- Price$ 2,490,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4220
- Lot Size10,659 SqFt
Listing Provided Courtesy Of:
Daniel Lewin with Dan Lewin, Broker.
Property Description
We are pleased to present 2301 Scarff Street, a unique student housing investment opportunity offering the rare mix of strong in place income in a fully renovated low management property with significant deliverable value add upside via ADUs. The property is 0.7 Miles from USC and is within the USC DPS patrol zone. Fully renovated in 2015 by Orion Student Housing, one of the most well respected operators in the market, the property currently consists of 13 Bedrooms and 7.5 Bathrooms and is leased to a USC sports team at $14,900 per month. The existing structure is 3 units on title and 4,220 square feet. The property is on a massive 10,600 square foot lot that has a large yard with corner lot and rear alley access, giving it significant future development potential via ADU's. The current ownership is in process of permitting 2 two bed ADUs. ADU's are heavily protected under the new state law AB 68 and benefit from reduced fees, reduced oversight, and reduced permitting time.
| Price History | |
|---|---|
| 12/10/2020 | Listed $2,490,000 |
General Features
| Attached Structure | Attached |
|---|---|
| Co-Listing Agent Last Name | Rafael |
| Co-Listing Agent Last Name | Lopez |
| Co-Listing Agent State License # | 02110724 |
| Co-listing Agent | Rafael Lopez - BRE#02110724 |
| Community Features | Biking |
| Directions | W 23rd St & Scarff St |
| Garage Spaces | 0.00 |
| Listagentaor | Pacific West |
| Listing Agent | Daniel Lewin - BRE#01932742 |
| Listing Agent State License | 01932742 |
| MLS Area | C42 - Downtown L.A. |
| Pool Features | None |
| Price Per Square Foot | 590.05 |
| Property Attached Y/N | Yes |
| Sewer | None |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Total Units | 1 |
| Zoning | LARD1.5 |
Interior Features
| 1st Bedroom Area Unit Type | Square Feet |
|---|---|
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area Unit Type | Square Feet |
| Common Walls | 2+ Common Walls |
| Laundry Features | See Remarks |
| Laundry Y/N | Yes |
| Studio Area Unit Type | Square Feet |
Exterior Features
| Building Area Total | 4220.00 |
|---|---|
| Lot Features | 0-1 Unit/Acre |
| Lot Size Acres | 0.2447 |
| Lot Size Area | 10661.0000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 10661.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Total Parking | 0.00 |
| Water Source | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90007
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of January 27, 2021 1:55 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
