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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.

Features
: Dual
3
: Dryer Included, Washer Included
0
: Modern
Additional Information
KW Advisors
0
CLW-C114727
CLW-X74717
Davis
UNAVAILABLE
: Standard
Multi/Split
32

Multi-Family For Sale

1259 36th Place, Los Angeles, California 90007

15,903 Sqft
$11,545,000
Listing ID #25477875
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 25477875
Price : $11,545,000
Living Area : 15,903 Sqft
Lot Size : 25,000 Sqft
Year Built : 2022
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90007
Price Per Square Foot : $726
ModificationTimestamp : 2025-01-16 05:22:00
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