CA > Los Angeles
Los Angeles, CA 90007,1259 W 36th PL
Los Angeles, CA 90007,1259 W 36th PL
Los Angeles, CA 90007,1259 W 36th PL
Los Angeles, CA 90007,1259 W 36th PL
Los Angeles, CA 90007,1259 W 36th PL
Los Angeles, CA 90007,1259 W 36th PL
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Bradford King

Bradford King

+1(909) 633-4559
$ 3,315,000
Est. payment | /mo

15 Beds

15 Baths

4,931 SqFt

Save
$ 3,315,000
Est. payment | /mo
Save

15 Beds

15 Baths

4,931 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,931 sqft

Price per Sqft $672

MLS Listing ID 25600047

Bedrooms 15

HOA Y/N No

Year Built 2018

Lot Size 7,217 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Combination

Cooling Dual

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Parking Features Gated, Private

Total Parking Spaces 4

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5040007026

Special Listing Condition Standard

CRMLS – RECore
Listed by Davis Saadian Keller Williams Hollywood Hills
Bradford King

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 633-4559

bradford.king@exprealty.com

P.O. Box 6102

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1259 W 36th PL