Description

The Shamooelian Real Estate Group is pleased to offer the opportunity to acquire this High Yield 6.15% Cap turnkey fully furnished four (4) unit, twelve (12) bedroom + ten (10) bathroom Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property is approximately 4,246 rentable square feet and is comprised of two (2) separate structures. The front structure was completely remodeled in 2022, and features brand new hardwood floors, updated copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers, and new in-unit washer & dryers. The front duplex's scope of work included a complete to-the-studs renovation, with brand new framing, copper plumbing, foundation and roofing, essentially delivering a brand new low maintenance structure to any prospective buyer. The two brand new fully permitted units in the rear are slated to be completed by the end of April, featuring the same high-end finishes as the front structure as well as a magnificent rooftop deck.