1259 W 36th Pl, Los Angeles CA 90007

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$11,545,000

1259 W 36th Pl, Los Angeles, CA 90007

bedrooms

bathrooms

square feet

15,903

Acreage

Open Houses

year built

2022

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Los Angeles
Elementary School	-
Middle School	-
High School	-

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Open houses

None scheduled.

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MLS number: 25-477875

Listing agent: Davis Saadian

Listing broker: Keller Williams Santa Monica (310) 482-2200

Last update: Thursday, January 9 2025 at 5:57 p.m. EST

Kotohomes National