- – beds
- – baths
- – sqft
- 6,999 sqft lot
- 1912 build
- – on site
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.
Last checked:
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Last updated Jun 2, 2025
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MLS# 25546793 —
The Building
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Year Built:1912
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Year Built Source:Seller
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New Construction:No
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Building Area Total:6671.00
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Total Number Of Units:6
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# of Buildings:2
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Architectural Style:Craftsman
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Stories Total:2
Interior
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Levels:Two
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Flooring:Wood
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:Take the 10 Freeway and exit at Hoover Street. Go south on Hoover, then turn left on 23rd Street. Turn right on Union Avenue. The property is on the right side between 21st and 22nd Street at 2119 S Union Ave.
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Latitude:34.03617300
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Longitude:-118.28313500
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Zoning:LARD2
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Lot Size Area:6999.0000
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Lot Size Acres:0.1607
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Lot Size SqFt:6999.00
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View:None
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Security Features:Fire and Smoke Detection System, Carbon Monoxide Detector(s)
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5124002010
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Microwave, Gas Range
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Driveway
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Parking Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/2/25
Jun 2, 2025
|
Listed / Active | CRMLS_CA | $1,625,000 | 85.7% (37.3% / YR) |
2/15/23
Feb 15, 2023
|
CRMLS_CA | $875,000 | ||
1/26/23
Jan 26, 2023
|
CRMLS_CA | $875,000 |