2620 Magnolia Avenue

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Source: California Regional MLS

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CLW-X48011 • CLW-X99648

This beautifully restored Victorian 4-plex is situated in the heart of North University Park, offering prime USC student housing. Nestled on a picturesque, tree-lined street block from the University of Southern California, the property provides the perfect blend of classic charm and modern updates. Recently remodeled inside and out, each of the four spacious units features a contemporary kitchen with new stainless steel appliances, updated bathrooms, an in-unit washer and dryer, and central air and heat. The property is fully tenant-occupied, with leases in place through the 2025-2026 academic year, providing immediate and consistent rental income. Tenants are responsible for all utilities, including water, gas, electricity, and trash, further enhancing the property's strong operating fundamentals. There are apx 49,000 students enrolled at USC, including nearly 21,000 undergraduates, the need for quality housing close to campus remains steady year after year. The location is just minutes away from DTLA and all the restaurants and shops of West Adams. This is a rare investment opportunity to own a fully leased, high-yield property steps from USC, surrounded by beautiful historic homes and vibrant city living.

2620 Magnolia Avenue, Los Angeles, CA 90007

Market Report for 90007

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