Description
We are pleased 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. We are pleased 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.
-
13BEDS
-
0.24ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
We are pleased 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. We are pleased 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.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.