We are pleased to offer for sale this vacant 5 unit, 13-bedroom + 7-bathroom Student Housing investment opportunity located at 657 W. 23rd Street, walking distance to the internationally renowned University of Southern California (USC). Consisting of one single structure, this building was constructed of wood frame and stucco on a raised foundation built in 1955, with a square footage of 5,764 on a 8,221-square foot lot. The investment is comprised of a unit mix consisting of (1) 4+2.5, (1) 3+1, & (3) 2+1 units. The investment boasts spacious floor plans, secured gated entry, on-site laundry & parking for additional income, and updated copper plumbing throughout. The property is 100% vacant, well positioned only 1 block to DASH, and between Downtown Los Angeles and the USC campus & Village. This is an excellent value-add property for an investor to take on.
Off market
$1,607,900
657 W 23rd St, Los Angeles, CA 90007
13beds
7baths
5,764sqft
MultiFamily
Built in 1955
-- sqft lot
$1,607,900 Zestimate®
$279/sqft
$1,673 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 7
Heating
- Forced air
Cooling
- Central, Wall
Appliances
- Included: Dryer, Washer
Features
- Furnished: Yes
Interior area
- Total interior livable area: 5,764 sqft
Property
Parking
- Total spaces: 5
Lot
- Size: 8,219 sqft
Details
- Parcel number: 5124032006
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1955
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- Heating: Wall
- ListingStatus: Active
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- SourceLotSizeArea: Vendor Enhanced
- Cooling: Wall Unit(s), Air Conditioning, Ceiling Fan
- ParkingGarage: Driveway
- UnitFurnished1: Yes
- ListingArea: Downtown L.A.
- UnitFurnished2: Yes
- UnitFurnished3: Yes
- UnitFurnished4: Yes
- UnitFurnished5: Yes
- Country: US
- SourceLotSizeDimensions: Vendor Enhanced
- UnitTypeType: 2106, 2107, 2108, 2109, 2110
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Estimated market value
$1,607,900