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$ 4,750,000
Est. payment | /mo
22 Beds
22 Baths
9,003 SqFt
$ 4,750,000
Est. payment | /mo
22 Beds
22 Baths
9,003 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,003 sqft
Price per Sqft $527
MLS Listing ID 26859185
Bedrooms 22
HOA Y/N No
Year Built 2026
Lot Size 6,442 Sqft
Property Description
Introducing 3017 Kenwood Ave, a premier newly constructed student housing investment located within the University of Southern California (USC) DPS Patrol Zone. Completed in 2026 and delivered fully occupied, this high-quality asset offers immediate, stabilized cash flow with approximately $38,925 per month in gross income ($467,100 annually) and a strong 7.65% cap rate, with tenants responsible for utilities. The property is currently configured as 14 income-producing rental suites across 22 oversized bedrooms, creating a highly efficient and desirable layout tailored to student housing demand. The design maximizes both privacy and rental income, allowing for strong performance and consistent occupancy. Spanning approximately 9,003 square feet, the building features spacious layouts and high-end finishes throughout. The property also includes six on-site parking spaces, a valuable amenity for both tenants and operators in the USC market. The property is delivered fully furnished, providing a seamless, turnkey investment with minimal ongoing capital requirements. Its flexible suite-style configuration supports rent-by-the-room, private suite leasing, or co-living strategies, allowing investors to maximize income and adapt to evolving demand. Ownership is open to continuing management, offering a seamless transition and operational continuity for the next owner. Situated just minutes from USC and within the DPS Patrol Zone, the property benefits from one of the most desirable student housing locations in Los Angeles. It is also near the Expo/Vermont E Line Metro Station, offering convenient access to Downtown Los Angeles and surrounding amenities. With the 2028 Olympics approaching and continued demand driven by USC's growing student population, 3017 Kenwood Ave represents a rare opportunity to acquire a newly built, fully stabilized, high-income asset in one of Los Angeles' most resilient rental markets. *Buyer to verify current configuration and all permits. Layout is non-conforming.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
Total Parking Spaces 6
Building
Story 4
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5040001018
Special Listing Condition Standard
Listed by Adam Shamooelian Keller Williams Beverly Hills #02116849
Nearby Locations
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