A repositioned, well located asset with blocks of the USC campus. The rent control building was completely 'gutted' with new plumbing, new electrical, new paint, new interiors, new paving, new security gating and intercom, new windows and A/C units in every bedroom. The kitchen remodels included brand new appliances, cabinets, tile floors and granite countertops. The property was leased 'by the bed' to new tenants and is 100% leased for the 2007/2008, 2008/2009 school year. It also has partially pre-leased (as of April 2009) for the 2009/2010 school year. The property offers students & parents the highest quality living available to USC students, providing modern kitchens and bathrooms and a safe, secure and relaxed living environment. Active management and a knowledge for what students and parents desire in living spaces helped make this project and outstanding success. The property is a true "Urban Oasis." 100% occupied by students.