Active
1259 W 36th Pl
Los Angeles CA, 90007
$11,545,000
$725.96 per sqft
Active
47 Beds
43 Baths
15,903 sqft
Multi-family
Built in 2022
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.
25-477875
MLSⓇ ID
January 8, 2025
Listed
January 16, 2025
Updated
Map
1259 W 36th Pl
Los Angeles CA, 90007
Interior Features
Total Stories
3
Bedrooms
47
Total Bathrooms
43
Appliances
Range/Oven, Freezer, Garbage Disposal, Recirculated Exhaust Fan, Refrigerator, Other, Washer, Dryer, Dishwasher
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Dual, Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.57 Acres
Architectual Style
Modern
Other Property Details
Area Name
Los Angeles Southwest
Days on Market
8
Garage
No
Parking
Gated, Other
Parking Total
15
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Listed by Davis Saadian with KW Advisors
Listing Contact: 310-402-8958
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Clara Yang | CA DRE# 01201082 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 1/16/2025