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Glen Henderson

[email protected] +1(619) 889-7646

$850,000

Est. payment - /mo

7 Beds

4 Baths

2,909 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26114278

Bedrooms 7

Lot Size 2,909 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Conventional

Property Type Res Income 2-4 Units

Property Description

Positioned in the heart of the USC rental market and located within the USC Department of Public Safety (DPS) patrol zone, 2621 Juliet Street presents a rare opportunity to acquire a stabilized duplex with immediate upside and strong in-place fundamentals. The property currently operates at an estimated 6% cap rate with a projected gross scheduled income multiplier of 11.8 years, offering investors a compelling blend of cash flow, location, and future rental growth potential. The upper unit is a turnkey 4-bedroom, 2-bath residence that will be delivered vacant at the close of escrow, creating the opportunity for an owner-user, student housing operator, or investor to immediately achieve fair market rents. The unit has been thoughtfully maintained and features two separate access points, in-unit washer and dryer, individual window A/C units in each bedroom, installed blinds throughout, and dedicated driveway parking for up to three vehicles. The lower unit consists of a 3-bedroom, 2-bath floor plan occupied by long-term tenants currently paying $2,600 per month on a 2-year lease, providing stable income from day one. Beyond the income profile, ownership has invested significantly into the propertys infrastructure and major systems. Recent improvements include foundation and seismic retrofit work, upgraded pier and post systems, new girder beam support installation, roof repairs and maintenance, plumbing upgrades including dual 40-gallon water heaters, and a substantial electrical modernization that included a new 2-meter 200-amp main panel relocation with upgraded feeders an

Location

State CA

County Los Angeles

Zoning Assessor

Direction No GPS

Interior

Heating Forced Air Unit

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5054030051

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Maxwell Thurman, DRE#02038853 T.N.G. Real Estate Consultants

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2621 Juliet Los Angeles, CA 90007

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information