CA > Los Angeles
Los Angeles, CA 90007,1372 W 35th PL
Los Angeles, CA 90007,1372 W 35th PL
Los Angeles, CA 90007,1372 W 35th PL
Los Angeles, CA 90007,1372 W 35th PL
Los Angeles, CA 90007,1372 W 35th PL
Los Angeles, CA 90007,1372 W 35th PL
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Alfredo Guzman

Alfredo Guzman

+1(562) 786-5418
$ 3,625,000
Est. payment | /mo

15 Beds

13 Baths

5,448 SqFt

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$ 3,625,000
Est. payment | /mo
Save

15 Beds

13 Baths

5,448 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,448 sqft

Price per Sqft $665

MLS Listing ID 25477833

Bedrooms 15

HOA Y/N No

Year Built 2022

Lot Size 6,804 Sqft

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 5,448 rentable square feet on a 6,800 square foot lot, consisting of (2) 3-bedroom + 3-bathroom units, (2) 4-bedroom + 3-bathroom units, and (1) 1-bedroom + 1-bathrom 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 $25,348/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $27,000/month. The investment is priced at a current 6.45% Cap Rate & 12.6x GRM.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Cooling Dual

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Gated

Community Features Gated

Total Parking Spaces 5

Building

Story 3

Entry Level Multi/Split

Architectural Style Modern

Level or Stories Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 5040005026

Security Features Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Davis Saadian • KW Advisors
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+1(562) 786-5418

alfredoguzmanre@gmail.com

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1372 W 35th PL