1259 W 36th Place,Los Angeles, CA 90007
Los Angeles, CA 90007
Description
We are pleased to present 1259 W. 36th Place, a turnkey, 2018-constructed student housing investment located within the prestigious DPS patrol zone, and within walking distance the campus and village. The investment is comprised five (5) spacious 3-bedroom + 3-bathroom residences, totaling 15-bedrooms and 15-bathrooms across approximately 4,931 rentable square feet on an approximately 7,217-square-foot lot. Each unit is fully furnished and features private bedroom and bathroom suites, vinyl-plank flooring, quartz countertops, mini-splits within each bedroom, stainless-steel appliances, tiled showers with glass enclosures, in-unit laundry, and modern finishes. The building also benefits from copper plumbing, dual-pane windows, a newer roof, and separately metered gas, electricity, and water.The property is 100% fully occupied by USC students and generates $23,387 in monthly gross income. Its history of parental lease guarantees and consistently strong academic-year occupancy contribute to an attractive and stable operating profile.The location offers convenient access to the USC Campus, USC Village, Trader Joe's, Target, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, museums, dining, and the Expo/Vermont Metro E Line station. Offered at a current 8.0% capitalization rate and 10.7x GRM, 1259 W. 36th Place represents a compelling opportunity to acquire a stabilized, low-maintenance student-housing asset near USC. Please contact the listing agent for the financial analysis and executive summary.
Details
| MLS # | 26990767 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2018 |
| Days On Site | 25 |
| Listing Provided By | Keller Williams Hollywood Hills | Davis Saadian |
Features
| Bed(s) | 15 |
|---|---|
| Bath(s) | 15 |
| SQ Feet | 4,931 |
| Story(s) | 4 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.17 |
Interior
| Cooling | Electric, Heat Pump |
|---|---|
| Heating | Electric, Heat Pump, Zoned |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Disposal, Refrigerator, Dryer, Washer |
Parking
| Parking Features | Gated, Private, One Space |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $2,795,000 low | high Med: $1,869,000 sqft: 4,931 low | high Med: 4,558 $ / sqft: $567 low | high Med: $411 On site: 25 low | high Med: 111 | |
Market Activity 90007
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $2,795,000 low | high Med: $1,869,000 sqft: 4,931 low | high Med: 4,558 $ / sqft: $567 low | high Med: $411 On site: 25 low | high Med: 111 | |
 | $2,557,5001273 W 36th PlaceLos Angeles, CA 90007 |
 | $3,099,0001269 W 36th StreetLos Angeles, CA 90007 |