2301 Scarff St
Los Angeles, CA 90007
Apollo Advisors is excited 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
Contact Young Lewin Advisors for more information on buying, selling, or receiving a free property evaluation.Learn More