Los Angeles, CA 90007,1259 W 36th Pl
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Los Angeles, CA 90007,1259 W 36th Pl
Los Angeles, CA 90007,1259 W 36th Pl
Los Angeles, CA 90007,1259 W 36th Pl
Los Angeles, CA 90007,1259 W 36th Pl
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$ 3,315,000
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1259 W 36th Pl Los Angeles, CA 90007

15 Beds

15 Baths

4,931 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,931 sqft

Price per Sqft $672

MLS Listing ID 25600047

Bedrooms 15

Year Built 2018

Lot Size 7,217 Sqft

Acres 0.1656

Property Sub-Type Multi-Family

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 achieve closer to about $28,000/month. The investment is priced at a current 7.1% Cap Rate & 11x GRM. Email for the Executive Summary/ Financial Analysis.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other, Combination

Cooling Dual, Air Conditioning, Other

Flooring Engineered Hardwood

Equipment Dishwasher, Dryer, Washer, Other, Freezer, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Hood Fan, Garbage Disposal, Vented Exhaust Fan

Exterior

Parking Features Gated, Private

Garage Spaces 4.0

Building

Story 3

Level or Stories Three Or More

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Keller Williams Hollywood Hills

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Equitas Academy Charter

    Public | KG - 5

  • 8

    Queen Anne Place Elementary School

    Public | KG - 5

  • 8

    Hoover Street Elementary

    Public | KG - 5

  • 8

    Global Education Academy

    Public | KG - 5

  • 8

    Synergy Charter Academy

    Public | KG - 5

  • 8

    Celerity Dyad Charter

    Public | KG - 8

  • 7

    New Heights Charter

    Public | KG - 8

  • 7

    Aspire Juanita Tate Academy

    Public | KG - 6

  • 7

    Equitas Academy Charter #2

    Public | 5 - 8

  • 6

    Wilshire Park Elementary

    Public | KG - 5

  • 6

    Menlo Avenue Elementary

    Public | KG - 5

  • 6

    Downtown Value

    Public | KG - 8

  • 6

    Thirty-Second Street Usc Performing Arts

    Public | KG - 12

  • 6

    Betty Plasencia Elementary

    Public | KG - 5

  • 6

    Center for Advanced Learning

    Public | KG - 5

  • 6

    20th Street Elementary School

    Public | KG - 5

  • 5

    City Charter Elementary School

    Public | KG - 5

  • 5

    Celerity Nascent Charter

    Public | KG - 8

  • 5

    Wilton Place Elementary

    Public | KG - 5

  • 5

    Bright Elementary School

    Public | KG - 5

Middle Schools 20
  • 8

    Rise Kohyang Middle School

    Public | 6 - 8

  • 7

    Alliance Gertz-Ressler Richard Merkin 6-12 Complex

    Public | 6 - 12

  • 6

    John Burroughs Middle School

    Public | 6 - 8

  • 6

    Alliance Ouchi-O'Donovan 6-12 Complex

    Public | 6 - 12

  • 6

    New Designs Charter

    Public | 6 - 12

  • 5

    Pico Pico Middle School

    Public | 6 - 8

  • 4

    Foshay Learning Center

    Public | 6 - 12

  • 4

    RFK Community Schools - Ambassador School of Global Leadership

    Public | 6 - 12

  • 4

    Los Angeles Academy of Arts & Enterprise Charter

    Public | 6 - 12

  • 4

    Alliance College-Ready Middle Academy No. 12

    Public | 6 - 8

  • 4

    John Adams Middle School

    Public | 6 - 8

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 2

    Bethune Middle School

    Public | 7 - 8

  • 1

    Audubon Middle School

    Public | 6 - 8

  • 1

    View Park Preparatory Accelerated Charter Middle School

    Public | 6 - 8

  • 1

    Johnnie Cochran Jr. Middle School

    Public | 6 - 8

  • 1

    Barack Obama Global Preparation Academy

    Public | 6 - 8

  • 1

    Global Education Academy Middle School

    Public | 6 - 8

  • 1

    Berendo Middle School

    Public | 6 - 8

  • 1

    John Muir Middle School

    Public | 6 - 8

High Schools 20
  • 9

    Alliance Dr. Olga Mohan High School

    Public | 9 - 12

  • 9

    Downtown Business High School

    Public | 9 - 12

  • 8

    Wallis Annenberg High School

    Public | 9 - 12

  • 8

    Alliance College-Ready Academy High No. 5

    Public | 9 - 12

  • 8

    Orthopaedic Hospital

    Public | 9 - 12

  • 7

    Math and Science College Preparatory

    Public | 9 - 12

  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 7

    Animo Jackie Robinson High School

    Public | 9 - 12

  • 7

    Alliance College-Ready Academy High No. 16

    Public | 9 - 12

  • 7

    Student Empowerment Academy

    Public | 9 - 12

  • 6

    Crenshaw Arts-Technology Charter High School

    Public | 9 - 12

  • 6

    Usc Hybrid High School

    Public | 9 - 12

  • 5

    View Park Preparatory Accelerated High School

    Public | 9 - 12

  • 5

    Alliance Renee and Meyer Luskin Academy High School

    Public | 9 - 12

  • 5

    Belmont Sh-la Teacher Preparatory Academy

    Public | 9 - 12

  • 5

    Camino Nuevo Charter High School

    Public | 9 - 12

  • 5

    Public Service Community High School - Diego Rivera Learning Complex

    Public | 9 - 12

  • 5

    Roybal Learning Center

    Public | 9 - 12

  • 4

    RFK Community Schools - Los Angeles High School of the Arts

    Public | 9 - 12

  • 4

    Synergy Quantum Academy

    Public | 9 - 12

School and business data provided by Attom Data.
Scott Goshorn

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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1259 W 36th Pl