2514-2516 Richland Street

Two brand new duplexes in a convenient downtown location only 2 miles to USC campus and 1.4 miles to Five Points. These were custom built and professionally designed by Lafaye Custom Homes in 2025. Fully leased until 7-31-2027 with gross income of $150,825 per year-security deposits and leases in hand. All four units are separately metered with tenants paying all utilities. There are two duplexes, four units total, each of the four units have 3 bedrooms each with their own private baths (a total of 12 bedrooms and 12 full baths).These townhome style duplexes have large living rooms opening to the amazing kitchens with solid stone countertops (as well as in all bathrooms), all new stainless steel appliances including dishwashers, stoves, refrigerators, & microwaves. Each unit has it's own washer/dryer, Ring Camera Systems, tankless hot water heaters and more. There's ample off-street parking, large backyards with covered outdoor entertainment areas. This is an extraordinary offering unlike the typical 80 year old "get your checkbook out" rental properties needing constant maintenance. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.