Listed by Lyon Stahl Investment Real Estate
$1,888,000
1978 Estrella Avenue
Details
APN 5124033028
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,731
Net Rentable (SqFt) 4,731
Units 10
Cap Rate 6.47%
NOI $122,198
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.36%
Pro-Forma NOI $157,860
Price per SqFt $503
Year Built 1887
Year Renovated 2019
Buildings 2
Stories 2
Acreage 0.275
Zoning Public Rec
Investment Type Value Add
Sale Condition N/A
10 Units Near USC | 6.37% CAP with ADU Upside
Marketing description
1978 Estrella Ave is a well-located multifamily asset situated in the highly desirable West Adams submarket of Los Angeles, an area that has experienced sustained growth driven by proximity to major employment and educational hubs. The property benefits from its close adjacency to the University of Southern California, placing it within one of the most consistently in-demand rental corridors in South Los Angeles. Its position within USCs DPS patrol zone, combined with access to USCs free Lyft service and additional private security measures in the surrounding area, enhances tenant confidence and supports strong rental demand, particularly among students and affiliated renters. The property consists of (8) one-bedroom/one-bathroom units and (2) studio units, offering a functional and highly desirable unit mix that caters to the steady USC student housing market. Originally built in 1887 and comprehensively remodeled in 2019, the asset blends historic character with modernized interiors and systems, reducing near-term capital expenditure requirements. With approximately 4,731 square feet of improvements, the property presents an efficient layout that maximizes livable space while maintaining manageable operating characteristics for ownership. A key operational advantage of the property is its ample on-site parking, a valuable amenity in this infill location that further strengthens its appeal to tenants. The sites configuration may also present future development or value-add potential, subject to local zoning and planning considerations, allowing investors optionality to exp
Investment highlights
- 1978 Estrella Ave is a well-located multifamily asset in the University Park neighborhood of Los Angeles, positioned near major employment and education hubs that drive consistent rental demand.
- The property benefits from immediate proximity to the University of Southern California and USC Village, placing it within a premier student housing submarket with strong occupancy fundamentals.
- Located within USC's DPS patrol zone and supported by additional security services and transportation options, the asset offers an enhanced sense of safety that is highly attractive to student and affiliated tenants.
- The unit mix of (8) one-bedroom/one-bathroom units and (2) studios is well-suited for USC-area renters, supporting steady leasing velocity and longterm demand stability.
- Originally constructed in 1887 and fully remodeled in 2019, the property combines historic character with modern upgrades, minimizing near-term capital expenditures.
- With ample on-site parking and potential future development or repositioning opportunities, the property presents both immediate income stability and long-term upside through rent growth and appreciation.
Listing Contacts
Listed by Lyon Stahl Investment Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$122,198.00
$10,183.17/mo
Valuation Metrics
0
DSCR
6.47%
Cap Rate
6.47%
ROI
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