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
AVG $2.01M
$2.49M
Visits
AVG 38
10
Year Built
AVG 1925
1898

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