Property listed by Keller Williams Beverly Hills, Adam Shamooelian 310-432-6400
$3,150,000
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… Read More 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 Station, the property provides easy access to Downtown Los Angeles and iconic landmarks like the LA Coliseum, BMO Stadium, California Science Center, Natural History Museum, and the forthcoming Lucas Museum of Narrative Art. With the 2028 Olympics approaching and steady demand from USC's student population, this low-maintenance, high-yield property offers a unique chance to invest in one of Los Angeles' most stable and thriving submarkets. Read Less
Listing Snapshot
Days Online
20
Last Updated
Beds
16
Square Ft.
5,502
Lot Size
0.12 Acres
Year Built
2024
MLS Number
25591791
Additional Details
Building
Built in 2024, Living area: 5502.0, 2 buildings, 3 stories, Levels: MultiSplit
Income
Gross Income: $282,420, Net Operating Income: $209,469
Lot
0.1198 acres
Parking
4 total parking spaces
Taxes
Parcel Number: 5040006012, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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