1213 W 24th, Los Angeles, CA 90007

This student housing property is configured to support a total of ten bedrooms and ten bathrooms, currently 100% occupied by USC students. It consists of two separate buildings, including two front units with 3 bedrooms and 3 bathrooms each, and a rear brand-new ADU with 4 bedrooms and 4 bathrooms. The front units were updated in 2021 with brand new flooring, new plumbing and electrical, an updated roof, quartz countertops, stainless steel kitchen appliances, updated bathrooms with tiled showers and glass enclosures, and new in-unit washer and dryers. The rear ADU was completed in 2021 and features the same high-end finishes as the front, providing a newer, lower-maintenance option with the same gated entry and on-site laundry. The property is approximately 3,167 square feet on a 5,873 square foot lot.

The buildings are located at 1213-1215 W. 24th St and 1213 1/2 W 24th St in Los Angeles, within the USC DPS Safety Patrol Zone. The current offering is positioned for convenient access to USC academic buildings and nearby entertainment options.

For buyers or operators looking to acquire a student housing asset with an existing income stream, the property is currently master leased to a reputable property management company through July 31, 2026. The tenant base is USC students, and the leases are supported by parental guarantees. Current reported gross rents are approximately $15,170 per month, with managing taking place under the master lease in the interim.