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Property Description

We are pleased to offer the opportunity to acquire this 5-bedroom + 5-bathroom co-living/ student housing investment, located just blocks to the University of Southern California (USC). The property has been completely updated & remodeled – featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, and in-unit washer & dryer. The building is approximately 1,400 rentable SF on a 2,117 SF lot, and will be delivered vacant upon the close of escrow. Over the past 5 years, the property has been rented out to USC students for approximately $1,500 per bedroom (single room occupancy), with a scheduled gross income of $7,500/month – Priced at a 8.25% cap rate. Each suite has its own spacious bedroom with their own private bathroom, excellent for student housing, assisted living, and sober living investments.

Features
: Dual
1
: Dryer Included, Washer Included
0
Additional Information
Carolwood Estates
0
CLW-C114727
CLW-X83363
Davis
5037005010
: Standard
One
32

Multi-Family For Sale

1286 39th Place, Los Angeles, California 90037

1,384 Sqft
$915,000
Listing ID #24404067
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24404067
Price : $915,000
Living Area : 1,384 Sqft
Lot Size : 2,117 Sqft
Year Built : 1921
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90037
Price Per Square Foot : $661
ModificationTimestamp : 2024-06-22 05:07:13
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