Los Angeles, CA 90007 2119 S Union Avenue

2119 S Union Avenue Los Angeles, CA - Image 12119 S Union Avenue Los Angeles, CA - Image 22119 S Union Avenue Los Angeles, CA - Image 3
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2119 S Union Avenue Los Angeles, CA - Image 42119 S Union Avenue Los Angeles, CA - Image 52119 S Union Avenue Los Angeles, CA - Image 6
Presented By: Michael R. Fukushima with Keller Williams Los Angeles;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25546793
  • 06/02/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 15
  • Baths • 11
  • SQFT • 6,671

Home Details

CASH COW! An exceptional opportunity to own a 6-unit private student housing property near the University of Southern California. Located within USC's Department of Public Safety Patrol Zone and Campus Cruiser area, this asset offers immediate income with a 6.9% CAP Rate. The property includes a renovated 4-unit building built in 1912 with one fully remodeled unit featuring new plumbing, HVAC, electrical, kitchen, baths, flooring, lighting, doors, windows, and upgraded main water line and electric panel. In addition, there is a brand new 2-story ADU built in 2024 with two 3-bedroom, 3-bathroom townhome-style units designed for student living with modern finishes and efficient systems. The property offers potential for up to 30 beds with double occupancy layouts and is within walking distance to USC Campus, Metro Line, USC Village, and Exposition Park, property located within DPS patrol zone and ride share program. the property is surrounded by strong student rental demand! This investment combines strong existing income with major upside through student unit conversions.
Presented By: Michael R. Fukushima with Keller Williams Los Angeles;

Interior Features for 2119 S Union Avenue

Bedrooms

Total Bedrooms15

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths11

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Total Stories2

General for 2119 S Union Avenue

Additional Parcels Y/NNo
AppliancesGasRange, Microwave, Dryer, Washer
Architectural StyleCraftsman
Attached Garage No
Cap Rate6.9
Carport Y/NNo
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
DirectionsTake the 10 Freeway and exit at Hoover Street. Go south on Hoover, then turn left on 23rd Street. Turn right on Union Avenue. The property is on the right side between 21st and 22nd Street at 2119 S U
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income159264.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6999.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income112395.0
New ConstructionNo
Number Of Units Total6
Occupancy TypeTenant
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas, TrashCollection, Water
ViewNone
Year Built1912
Year Built SourceOwner
ZoningLARD2

Exterior for 2119 S Union Avenue

Building Area Total6671.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1607
Lot Size Area6999.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking2.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,625,000
MLS#25546793
List Date 06/02/2025
Property Type Multi-Family
Phone 714.742.6515
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