Address
657 W 23rd Street Los Angeles, CA
Price
$ 1,900,000
Property Attributes
  • MLS#20631902
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90007
  • Style
  • Price$ 1,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5764
  • Lot Size7,841 SqFt
Listing Provided Courtesy Of:
Davis Saadian with BRC Advisors- BH.
Property Description

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.

Price History
9/12/2020 Listed $2,250,000
10/9/2020 12% - $1,997,500
12/3/2020 5% - $1,900,000

General Features

Co-Listing Agent Last Name Sherwin
Co-Listing Agent Last Name Soumekh
Co-Listing Agent State License # 02022101
Co-listing Agent Sherwin Soumekh - BRE#02022101
Directions 657 W. 23rd Street, LA 90007
Heating Wall Furnace
Listing Agent Davis Saadian - BRE#01921748
Listing Agent State License 01921748
MLS Area C42 - Downtown L.A.
Parking Features Driveway
Price Per Square Foot 329.63
Special Listing Conditions Standard
Total Units 5
Zoning LARD1.5

Interior Features

Heating Y/N Yes
Total Stories 2

Exterior Features

Building Area Total 5764.00
Lot Dimensions 59x137
Lot Size Acres 0.1800
Lot Size Area 8221.0000
Lot Size Square Feet 8221.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90007

Price
AVG $2.38M
$1.9M
Visits
AVG 35
92
Year Built
AVG 1926
1955
Walkscore
AVG 84
84
Data Provided by Walkscore ® not using MLS data

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