USC ADJACENT QUADRAPLEX WITH 78% RENTAL UPSIDE

1438 Rolland Curtis Place
Los Angeles, CA 90062

Screen Shot 2020-09-02 at 9.39.21 PM.png

OFFERING METRICS

LISTING PRICE

$855,000

CURRENT/ PROJECTED CAP RATE

3.81% / 8.84%

CURRENT / PROJECTED GRM

15.65 / 8.77

PRICE PER UNIT

$213,750

PRICE PER SF

$282.74

PROPERTY OVERVIEW

Located on Rolland Curtis Place within walking distance to the prestigious University of Southern California, this four-unit investment opportunity offers huge rental upside of ±78% and the opportunity to utilize the Qualified Opportunity Zone designation. The asset has large units offering a total of ±3,024 SF on a ±3,537 SF lot and a unit mix of (3) –2 bed / 1 bath and (1) – 1 bed / 1 bath units.
 

The units are well appointed with laminate flooring, two separate entrances, wall heaters, individual a/c, and permitted window installations of six panels. Furthermore, the central water heater was replaced in September of 2019.
 

Known as the Rolland Curtis Four, the investment opportunity is centrally located near one of the fastest growing sub-markets in Los Angeles with access for students at the University of Southern California, Coliseum, and central access to Downtown Los Angeles and the Staples Center. Furthermore, the asset is within walking distance to the Expo/Western Station which is serviced by the Metro E Line which ends in Downtown Santa Monica.

 

OPPORTUNITY HIGHLIGHTS

  • Great unit mix of (3) - 2 bed / 1 bath and (1) - 1 bed / 1 bath units with rental upside of 78%
     

  • The asset sits in a Qualified Opportunity Zone offering potential for huge tax savings upon the proper utilization of the program
     

  • The property does not offer parking spaces to tenants

  • Two story building with separate entrances for each unit
     

  • Water heater was replaced in September 2019
     

  • Walking distance to USC, The Coliseum, and Expo / Western Station which leads to Downtown Santa Monica
     

  • Six window replacements in 2017

 

LOCATION MAP

 

CONTACTS

CASEY PICARD
Managing Partner

626.376.9224

Casey.Picard@AggregateIP.com

Cal BRE #01921866