2666 Orchard Avenue, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2666 Orchard Avenue,Los Angeles, CA 90007
$4,095,000
- 16 Beds
- 10 Baths
- 4,540 sq. ft.
- Multi-family
- Active
Listed by:davis saadian
Office:keller williams hollywood hills
MLS#:25524115
Source:CRMLS
Price summary
- Price:$4,095,000
- Price per sq. ft.:$901.98
About this home
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.
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Home facts
- Year built:1928
- Listing ID #:25524115
- Added:176 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Bedrooms:16
- Total bathrooms:10
- Living area:4,540 sq. ft.
Heating and cooling
- Cooling:Dual
- Heating:Central
Structure and exterior
- Year built:1928
- Building area:4,540 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$4,095,000
- Price per sq. ft.:$901.98
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