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Multifamily

2115 Norwood St

2115 Norwood St, Los Angeles, CA 90007

Listing Price: $1,950,000

Cap Rate
1.21%
Number of Units
6
Price/Unit
$325,000
Price/Gross SF
$452.86
Gross SF
4,306

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 2111 & 2115 Norwood Street, a student housing opportunity consisting of a single family home and a five-unit apartment building on two separate parcels located in the highly desirable USC submarket of Los Angeles, CA. 2111 Norwood Street features 1,404 square feet of gross rentable area situated on a 4,988-square foot lot. The single family home is composed of three-bedrooms and two-bathrooms. 2115 Norwood Street features 2,902 square feet of gross rentable area situated on a 4,907-square foot lot. The apartment building is composed of four one-bedroom/one-bathroom units and the single-family home is composed of two-bedroom and one-bathroom. The property is situated a few blocks from the University of Southern California’s main campus, sitting west of Park Grove Avenue, north of 23rd Street, south of 21st Street and east of Oak Street. This prime location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property, while being in close proximity to the Expo/Vermont Station that provides a short commute to major employment centers such as Downtown Los Angeles and West Los Angeles. Given the property’s prime location 2111 & 2115 Norwood Street is well suited to provide investors with healthy returns and long-term appreciation.

Investment Highlights

  • First Time on the Market in Over 50 Years!
  • 2111 & 2115 Norwood Street Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. 400%.
  • 2115 Norwood St. | Four Units plus a Single-Family Home
  • 2111 Norwood St. | Single-Family Home
  • Separately Parceled, Can be Purchased Together or Individually!
  • Walkscore.com Rates 2111 & 2115 Norwood Street Very Walkable; Daily Errands can be Accomplished on Foot!
  • Less Than a Ten Minute Walk to the World Renowned University of Southern California (USC), Providing Residents Easy Access to All of USC's Landmarks, Academic Buildings and Entertainment Options.

Exclusively Listed By

Financing By

Listing Price: $1,950,000

Cap Rate
1.21%
Number of Units
6
Price/Unit
$325,000
Price/Gross SF
$452.86
Gross SF
4,306

Investment Highlights

  • First Time on the Market in Over 50 Years!
  • 2111 & 2115 Norwood Street Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. 400%.
  • 2115 Norwood St. | Four Units plus a Single-Family Home
  • 2111 Norwood St. | Single-Family Home
  • Separately Parceled, Can be Purchased Together or Individually!
  • Walkscore.com Rates 2111 & 2115 Norwood Street Very Walkable; Daily Errands can be Accomplished on Foot!
  • Less Than a Ten Minute Walk to the World Renowned University of Southern California (USC), Providing Residents Easy Access to All of USC's Landmarks, Academic Buildings and Entertainment Options.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 2111 & 2115 Norwood Street, a student housing opportunity consisting of a single family home and a five-unit apartment building on two separate parcels located in the highly desirable USC submarket of Los Angeles, CA. 2111 Norwood Street features 1,404 square feet of gross rentable area situated on a 4,988-square foot lot. The single family home is composed of three-bedrooms and two-bathrooms. 2115 Norwood Street features 2,902 square feet of gross rentable area situated on a 4,907-square foot lot. The apartment building is composed of four one-bedroom/one-bathroom units and the single-family home is composed of two-bedroom and one-bathroom. The property is situated a few blocks from the University of Southern California’s main campus, sitting west of Park Grove Avenue, north of 23rd Street, south of 21st Street and east of Oak Street. This prime location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property, while being in close proximity to the Expo/Vermont Station that provides a short commute to major employment centers such as Downtown Los Angeles and West Los Angeles. Given the property’s prime location 2111 & 2115 Norwood Street is well suited to provide investors with healthy returns and long-term appreciation.

Exclusively Listed By

Financing By

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