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$ 3,315,000
Est. payment | /mo
4,931 SqFt
$ 3,315,000
Est. payment | /mo
4,931 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,931 sqft
Price per Sqft $672
MLS Listing ID CL25600047
HOA Y/N No
Year Built 2018
Lot Size 7,217 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
We are pleased to offer the opportunity to acquire this brand-new construction, five (5) unit, 15-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 (5) 3-bedroom + 3-bathroom units. Units are spacious with beautiful layouts. 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 2025-2026 year, with a gross income of $24,937/month. There's approximately 15% potential upside in rents, which an investor can achie
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Other
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5040007026
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Listed by Davis Saadian • Keller Williams Hollywood Hills
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447