CA > Los Angeles
Los Angeles, CA 90007,1259 1/2 W 36th PL
Los Angeles, CA 90007,1259 1/2 W 36th PL
Los Angeles, CA 90007,1259 1/2 W 36th PL
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Adrian Castillo

Adrian Castillo

+1(209) 380-7597
$11,545,000
Est. payment /mo
47 Beds
43 Baths
15,903 SqFt
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UPDATED:

01/08/2025 09:03 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,903 sqft

Price per Sqft $725

MLS Listing ID 25477875

Bedrooms 47

HOA Y/N No

Year Built 2022

Lot Size 0.574 Acres

Property Description

We are pleased to offer the opportunity to acquire this 47-bedroom + 43-bathroom USC Student Housing Portfolio, consisting of three (3) brand new construction Apartment Complexes, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This turnkey, new construction portfolio features fully furnished bedrooms, brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, new copper plumbing, double pane windows, and individually metered for all utilities: gas, electricity, & water. The portfolio consists of (10) 3-bedroom + 3-bathroom units, and (4) 4-bedroom + 3-bathroom units, and (1) 1-bedroom + 1-bathroom unit. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2024-2025 year, with a gross income of $78,757/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $84,000/month. The Portfolio investment is priced at a current blended 6.35% Cap Rate & 13x GRM. The Portfolio consists of the following address: 1259 W. 36th Place, 1231 W. 36th Place, & 1370 W. 35th Place, Los Angeles, CA 90007. Please email for the Executive Summary and additional information.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Cooling Dual

Flooring Wood

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Gated

Community Features Gated

Total Parking Spaces 15

Building

Story 3

Entry Level Multi/Split

Architectural Style Modern

Level or Stories Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID UNAVAILABLE

Security Features Gated Community

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Davis Saadian • KW Advisors

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agent

Adrian Castillo

+1(209) 380-7597

Principal/Realtor | CA DRE#01308935

Principal/Realtor CA DRE#01308935

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1259 1/2 W 36th PL