2104 Park Grove, Los Angeles, California 90007, Los Angeles, 90007 - 0 bed, 0 bath
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Los Angeles, California 90007
This High-Yield Student Housing Asset represents a High-Potential Investment Opportunity listed at $1,350,000, reflecting a stable entry point at its $1,350,000 Fair Market Value. Maintaining a Good Condition Rating, the property features six turnkey units strategically located steps from USC within the DPS Patrol Zone. Massive value-add potential exists through RTI plans for two ADUs and a configuration supporting up to 30 beds. This asset, offering a distant mountain range view, is a premier acquisition for Buy-and-Hold Investors or Student Housing Specialists seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2104 Park Grove Subject | $1,350,000* List Price | 0 | 0 | 4,052 | $333 | - |
A 1445 W 20th Street Sold | $1,370,000 | 9 | 3 | 4,098 | $334 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1895, the listing explicitly states that 'All units are in excellent condition and fully rented' and that the 'Front Unit' was 'recently remodeled.' While interior photos are not provided to assess kitchen and bathroom styles or specific features, the description implies that the property is move-in ready and well-maintained for its age, suitable for its purpose as student housing. The exterior images show an older building that appears to be kept up, rather than dilapidated, supporting the claim of being well-maintained. This aligns with the 'Good' criteria of being move-in ready with well-maintained systems and some updated components, even if not a full recent renovation across all units.
Strategically located steps from USC, within the Department of Public Safety Patrol Zone, and walking distance to campus, USC Village, and Metro Line, ensuring constant high student demand.
A 6-unit property with all units in excellent condition and fully rented to exceptional tenants, providing immediate and strong in-place income from day one.
Offers substantial upside with the potential to configure for up to 30 beds (double-occupancy) and includes RTI plans for two additional ADUs, allowing for increased rentable square footage and maximized returns.
Built in 1895, the property's age may lead to higher maintenance costs, potential for outdated infrastructure, or unforeseen issues despite recent remodels in some units.
Student housing typically involves higher tenant turnover and more intensive property management requirements compared to traditional residential rentals, especially with a high bed count.
The property is listed as a 'Quadruplex' but described as having '6 units,' which may indicate a non-conforming use or a data discrepancy requiring thorough due diligence regarding zoning and legal compliance.
Introducing 2104 Park Grove Ave, Los Angeles, CA 90007 This is an exceptional 6-unit private student-housing investment steps from USC. Located inside the USC Department of Public Safety Patrol Zone and Campus Cruiser/Ride Share area, this property sits in one of the strongest student rental submarkets in all of Los Angeles. The property consists of six well-maintained units: • Front Unit: 4 bedrooms, 1 bath, recently remodeled • Side Unit: 3 bedrooms, 2 baths • Second Floor Left Unit: 3 bedrooms, 1 bath • Second Floor – Right Unit: 2 bedrooms, 1 bath • Rear Structure – Downstairs: 1 bedroom, 1 bath • Rear Structure Upstairs: Single unit All units are in excellent condition and fully rented to exceptional tenants, providing strong in-place income from day one. With its layout and location, the property offers potential for up to 30 beds using double-occupancy configurations a major value-add opportunity in a high-demand student housing corridor. Walking distance to USC Campus, USC Village, Metro Line, and Exposition Park, and surrounded by constant student demand, this property is ideal for both long-term stability and future growth. Additional upside: the property comes with RTI plans for two ADUs, allowing the next owner to immediately expand the rentable square footage and maximize returns. This is a rare chance to secure a turnkey, income-producing, high-upside student housing asset in one of USC’s most coveted rental pockets.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.5 | 50% |
| Baths | 0.0 | 1.5 | 50% |
| Square foot | 4,052 | 4,075 | 50% |
| Lot Size | 6,851 | 6,371.5 | 50% |
| Price | $1.35M | $1.36M | 50% |
| Price per sq ft | $333 | $334 | 50% |
| Built year | 1895 | 1944 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 142 | 287 | 50% |
Dec 1, 2025
$1,350,000
Initial Listing
Apr 21, 2006
$750,000
Public Record
Jun 9, 2003
$475,000
Public Record
Jun 11, 2002
$420,000
Public Record