Chateau Sera | 2343 Scarff St
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Chateau Sera 2343 Scarff St
31 Unit Block of Flats £6,184,153 (£199,489/Unit) 6.20% Net Initial Yield Los Angeles, CA 90007
Investment Highlights
- USC Student Housing Investment! Fully Occupied!
- Walking distance to USC and USC Village!
- Mills Act designation, significant property tax savings!
- Recently Renovated, Turnkey Investment!
- Newly built ADU!
- Fully amenetized with security system and Amazon drop off!
Executive Summary
Discover an exceptional investment opportunity with this prime building located just a short walk from the prestigious University of Southern California. This well-maintained property features 31 units, comprising 18 one-bedroom apartments, 12 studio units, and a spacious four-bedroom, two-bathroom additional dwelling unit, catering to a diverse range of tenant needs. Currently generating over $55,000 in monthly income, this property boasts an impressive 6.20% CAP rate and an 11.63 GRM, making it a lucrative addition to any
portfolio. The property is professionally managed and is fully occupied for the 2024-2025 USC school year, ensuring a steady income stream. Additionally, the property holds a Mills Act designation, providing significant property tax savings that enhance its investment potential.
portfolio. The property is professionally managed and is fully occupied for the 2024-2025 USC school year, ensuring a steady income stream. Additionally, the property holds a Mills Act designation, providing significant property tax savings that enhance its investment potential.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 12 | £1,247 | 380 - 550 |
| 1+1 | 18 | £1,391 | 550 |
| 4+2 | 1 | £3,133 | 1,400 |
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Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (81)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 5124-012-021 | Total Assessment | £2,850,429 (2024) |
| Land Assessment | £1,993,498 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £856,930 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5124-012-021
Land Assessment
£1,993,498 (2024)
Improvements Assessment
£856,930 (2024)
Total Assessment
£2,850,429 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | LAR1.5 (Property is located within an HPOZ. Buyer to verify zoning.) |
| LAR1.5 (Property is located within an HPOZ. Buyer to verify zoning.) |
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Chateau Sera | 2343 Scarff St
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