2666 Orchard Avenue, Los Angeles, CA 90007 - Berkshire Hathaway HomeServices California Properties
2666 Orchard Avenue Los Angeles, CA 90007
$4,095,000 16 beds, 10 baths
4, 540 sqft

Agent Remarks

We are pleased to offer the opportunity to acquire this seven (7) unit, 16-bedroom, turn-key student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The site is situated in the pristine rare North of campus pocket; the best of the best location.The property and all seven (7) units were completely updated & remodeled in 2022 - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, updated copper plumbing, double pane windows, and individually metered for gas & electricity. The building is approximately 4,520 rentable square feet on a 6,241 square foot lot, consisting of (4) 3-bedroom + 2-bathroom units, (2) 1-bedroom + 1-bathroom units, and (1) 2-bedroom + 1-bathroom unit. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the year, with a gross income of $23,235/month. The expansive lot size allows an investor to add even more value to the property by constructing a 3-bedroom + 3-bathroom ADU to further increase cash-flow (about $4,500/month), generating an even higher yield/ net income.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25524115
List price is $4,095,000
Beds: 16
Baths: 10
Built in 1928
4,540 sqft
2 stories
0.14 acres
Lot size: 0.1433
County: Los Angeles
Zoning: LARD1.5
Appliances: Dishwasher,Disposal,Refrigerator,Dryer,Washer
Parking description: Assigned
Heating/cooling: Dual
Heating description: Central
MLS area: C16 - Mid Los Angeles

Last Updated: 6/3/2025

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.030821, -118.287143.
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Listing Agent: Davis Saadian
Lic#: 01234982
Office Name: Mission Viejo

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