1256 W Adams Blvd, Los Angeles, CA 90007

Property Description

Price drastically reduced to $1,215,000.00. Well-maintained 8 bedroom, 4 bath 3000+ sq.ft 1902 Craftsman home in the highly desired USC/North University Park community. Established business that has operated as a profitable student housing format for USC students over 17 years, generating 7k+ a month and is at 100% occupancy rate from 2014-2015 lease rolls. This fabulous manor has had major renovations 2005-2009, new roof, hardwood flooring, copper piping and electrical wiring. This 7300 sq. ft lot has enough room for future development. The GLA shows 2952 sq.ft on profile, there is a converted attic/loft, plus an additional room addition that gives you +600 sq.ft of living space. We urge you to drive by and admire the curbside appeal, more importantly you will enjoy the great rental residuals and potential. All furnishings, kitchen appliances, coin-operated washer & dryer are are included in the discounted sale price. The Heritage House is a turnkey business, without having to spend 100K-200K out of pocket expenses for rehab. We invite you to be a part the fastest growing hot market in the United States.