Rosano Partners is pleased to present the opportunity to acquire a seven unit apartment building in Los Angeles adjacent USC. Built in 1923, the subject property offers a unit mix of 1 four-bedroom two-bathroom, 1 three-bedroom two-bathroom, and 4 two-bedroom one-bathroom. Gas and electricity are separately metered while water is mastered. The construction is made up of stucco and wood-frame and accommodates 5 parking spots for on-site tenants. Most Rented out to USC students, the tenant's leases typically run concurrently with the school semesters, providing strong turnover and keeping rents at market rate.

Location Description:

The subject property is situated on 1240 W 24th Street less than a mile from Metro Blue, and Expo line. The property lies near the intersection of S. Vermont Street and W 24th Street. There is a USC bus shuttle stop just a few steps from the property, allowing student-tenants to safely and conveniently commute to the campus. It is within the USC Patrol zone, with access to the 10 freeway. With shopping, dining, and entertainment all within a short drive, tenants will enjoy all the LA Region has to offer.

Highlights:

>> Strong Rental Demand Market

>> Regular Turnover for Student Leasing