$ 3,315,000
-
$3,315,000
Price -
15
Bed -
15
Bath -
4,931
SqFt
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About the Listing CLW-X7252101 - CLW-C114727
We are pleased to offer the opportunity to acquire this brand-new construction, five (5) unit, 15-bedroom, student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This turnkey, new construction investment features brand new 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 building is approximately 4,931 rentable square feet on a 7,217 square foot lot, consisting of (5) 3-bedroom + 3-bathroom units. Units are spacious with beautiful layouts. 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 2025-2026 year, with a gross income of $24,937/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $28,000/month. The investment is priced at a current 7.1% Cap Rate & 11x GRM. Email for the Executive Summary/ Financial Analysis.
Listing Highlights for 1259 W 36th Pl
Status
Active
Days on Site
24
Property Type
Multi-Family
MLS ®
25600047
Year Built
2018
Total Square Footage
4,931
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 15
- Bathrooms: 15 Full
- Appliances: Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan
- Air Cond: Dual
- Heating: Combination
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Gated,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5040007026
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1259 W 36th Pl Los Angeles, CA 90007
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