Active
1259 W 36th Pl
Los Angeles CA, 90007
$3,995,000
$810.18 per sqft
Active
17 Beds
15 Baths
4,931 sqft
Multi-family
Built in 2018
We are pleased to offer the opportunity to acquire this brand new construction five (5) unit, 17-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 (3) 3-bedroom + 3-bathroom units, and (2) 4-bedroom + 3-bathroom units. 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 $27,038/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $29,000/month. The investment is priced at a current 6.25% Cap Rate & 13.2x GRM.
25-477767
MLSⓇ ID
January 7, 2025
Listed
January 15, 2025
Updated
Map
1259 W 36th Pl
Los Angeles CA, 90007
Interior Features
Total Stories
3
Bedrooms
17
Total Bathrooms
15
Appliances
Freezer, Alarm System, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Washer, Other, Dryer, Dishwasher, Garbage Disposal
Laundry Description
In Unit
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Dual, Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.17 Acres
Architectual Style
Modern
Other Property Details
Area Name
Los Angeles Southwest
Days on Market
8
Garage
No
Parking
Gated, Other
Parking Total
5
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 1/15/2025