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$ 3,150,000
Est. payment | /mo
5,502 SqFt
$ 3,150,000
Est. payment | /mo
5,502 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,502 sqft
Price per Sqft $572
MLS Listing ID CL25591791
HOA Y/N No
Year Built 2024
Lot Size 5,219 Sqft
Acres 0.12
Property Sub-Type Other
Property Description
175k Price Reduction! We are pleased to offer a prime investment opportunity: a newly constructed fully-furnished student housing property at 1269 W. 36th St., Los Angeles, CA 90007, located just steps from the University of Southern California (USC) and within the DPS Patrol Zone. Built in 2024, this modern asset boasts 16 spacious bedrooms and 16 bathrooms, with each bedroom featuring its own en-suite bathroom and closet, along with 4 parking spots for added convenience. Priced at $3,150,000, equivalent to approximately $196,875 per bed and $572 per square foot, this property offers a compelling 6.65% cap rate and is fully leased for the 2025-2026 academic year, guaranteeing immediate returns and sustained growth potential. Covering 5,502 square feet and divided into five units(1 non-conforming), the property is designed for maximum tenant comfort and functionality. Each unit includes a large open-plan kitchen, expansive living and dining spaces, and in-unit laundry facilities, fostering an inviting and practical living experience. Its versatile design supports both per-room and per-bed rental models, making it ideal for USC students, co-living, or transitional housing arrangements. Situated a short walk from USC and less than half a mile from the Expo/Vermont E Line Metro Stat
Location
State CA
County Los Angeles
Zoning LARD
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5040006012
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Listed by Adam Shamooelian • Keller Williams Beverly Hills
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AnnMarie Barajas
Partner | Lic# DRE# 01898810