1259 1/2 W 36th Place
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 2022 build
- – on site
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.
Last checked:
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Last updated Jan 16, 2025
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MLS# 25477875 —
The Building
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Year Built:2022
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Year Built Source:Appraiser
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New Construction:Yes
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Building Area Total:15903.00
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Total Number Of Units:15
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# of Buildings:3
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Architectural Style:Modern
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Stories Total:3
Interior
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Levels:Multi/Split
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Flooring:Wood
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:1.) 1259 W. 36th Place - 2.) 1231 W. 36th Place - 3.) 1370 W 35th Place
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Latitude:34.02214100
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Longitude:-118.29644800
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:25000.0000
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Lot Size Acres:0.5739
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Lot Size SqFt:25000.00
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Lot Size Source:Appraiser
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Security Features:Gated Community
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:UNAVAILABLE
Heating & Cooling
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Cooling:Yes
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Cooling:Dual
Appliances
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Appliances:Dishwasher, Disposal, Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Gated
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Parking Spaces:15.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/8/25
Jan 8, 2025
|
Listed / Active | CRMLS_CA | $11,545,000 |
