2104 Park Grove, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath

2104 Park Grove, Los Angeles, California 90007 home-pic-0
ACTIVE$1,350,000
2104 Park Grove, Los Angeles, California 90007
0Bed
0Bath
4,052Sqft
6,851Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Student Housing Location: 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.
Top Cons:
Age of Property: Built in 1895, the property's age may lead to higher maintenance costs, potential for outdated infrastructure, or unforeseen issues despite recent remodels in some units.

Compared to the nearby listings

Price:$1.35M vs avg $1.25M (+$100,000)80%
Size:4,052 sqft vs avg 4,858 sqft40%
Price/sqft:$333 vs avg $25760%

More Insights

Built in 1895 (130 years old).
Condition: 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.
Year Built
1895
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
PW25265655
Home ConditionGood
Features
Good View:
View-

About this home

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.

Nearby schools

4/10
Norwood Street Elementary School
Public,K-50.1mi
5/10
Vermont Avenue Elementary School
Public,K-50.9mi
2/10
John W. Mack Elementary School
Public,K-51.0mi
3/10
Lenicia B. Weemes Elementary School
Public,K-51.4mi
5/10
Menlo Avenue Elementary School
Public,K-51.9mi
4/10
John Adams Middle School
Public,6-80.8mi
3/10
William Jefferson Clinton Middle School
Public,6-81.1mi
2/10
Barack Obama Global Preparation Academy
Public,6-82.9mi
4/10
West Adams Preparatory High School
Public,9-120.8mi
5/10
Foshay Learning Center
Public,K-121.9mi
3/10
Manual Arts Senior High School
Public,9-121.9mi

Price History

Date
Event
Price
04/21/06
Sold
$750,000
06/09/03
Sold
$475,000
06/11/02
Sold
$420,000
Condition Rating
Good

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.
Pros & Cons

Pros

Prime Student Housing Location: 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.
Strong Income-Producing Asset: 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.
Significant Value-Add Potential: 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.
Well-Maintained Units: The property consists of six well-maintained units, with one recently remodeled (Front Unit), ensuring a good standard of living for tenants and reducing immediate capital expenditure.
Long-Term Stability and Growth: Positioned in a high-demand student housing corridor, the property is ideal for investors seeking long-term stability and future growth due to its proximity to a major university.

Cons

Age of Property: 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.
High Tenant Turnover & Management: Student housing typically involves higher tenant turnover and more intensive property management requirements compared to traditional residential rentals, especially with a high bed count.
Classification Discrepancy: 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.

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