1978 Estrella, Los Angeles, CA 90007

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 USC’s DPS patrol zone, combined with access to USC’s 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 site’s configuration may also present future development or value-add potential, subject to local zoning and planning considerations, allowing investors optionality to explore repositioning strategies over time. Its proximity to USC Village and surrounding retail, dining, and transit infrastructure further reinforces the property’s competitive positioning within a submarket characterized by limited supply and persistent demand. Overall, 1978 Estrella Ave represents a compelling investment opportunity offering stable in-place income supported by a premier USC-adjacent location. The asset’s combination of renovated units, desirable tenant demographics, security-enhanced environment, and strong parking profile contributes to durable occupancy and rent resilience. For investors, the property offers both immediate cash flow stability and long-term upside through rent growth and continued appreciation driven by its strategic location within one of Los Angeles’ most active and supply-constrained rental markets.

Property Information

Property Features

Financial Details

Directions

West of Figueroa & South of Washington

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