1213 W 24th, Los Angeles, CA 90007

The property consists of two separate buildings, providing three residential units in a student-friendly configuration. In the front, there are two 3-bedroom and 3-bathroom units at 1213–1215 W. 24th St. In the back, there is a 4-bedroom and 4-bathroom ADU at 1213 1/2 W. 24th St. The front units were updated and remodeled in 2021, including brand new flooring, plumbing/electrical, an updated roof, quartz countertops, stainless steel kitchen appliances, new bathrooms, tiled showers with glass enclosures, and new in-unit washer and dryers. The back ADU was constructed and completed in 2021 and features the same high-end finishes as the front. The property also includes secured gated entry, on-site laundry, and spacious floor plans, with turn-of-the-century details.

This investment is positioned for USC off-campus demand, located in the USC DPS Safety Patrol Zone. The buildings are described as offering easy access to USC’s academic buildings and landmarks. The property is 100% occupied by USC students, with parental guarantees on leases. It is currently master-leased to a reputable property management company until July 31, 2026, with reported gross rents of approximately $15,170 per month. Zoning is listed as LAR4.

For buyers, this asset offers a structured, already-occupied student housing setup with a defined management term through July 31, 2026. With major 2021 improvements to both the remodeled front units and the newly completed back ADU, the property may appeal to an operator seeking lower immediate capital needs while maintaining a tenant experience that includes gated access and on-site laundry.