$ 2,988,888
-
$2,988,888
Price -
15
Bed -
15
Bath -
4,931
SqFt
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About the Listing X82195 - C145142
We are pleased to present 1259 W 36th Pl, a premier 2018-constructed student housing investment opportunity located just west of USC within the university's 24-hour DPS patrol zone. Purpose-built to capture the robust demand from USC's 46,000+ students, 65% of whom live off-campus, the property offers Five units each with 3 bedrooms and 3 bathrooms. Each unit features high-end finishes, quartz countertops, stainless steel appliances, Heat Pump HVAC, and in-unit laundry, and individually metered for all utilities: gas, electricity, & water. Each unit has only two floors and offers spacious open layouts, designed to promote maximum comfort for the students. The property is ideally situated within walking distance to University Park and near the Expo/Vermont Metro Station providing easy access to Downtown Los Angeles, Mid-City, and the Westside. 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 fully occupied by USC students and offers a strong 7.05% current cap rate and 10.64 GRM with a monthly scheduled gross income of $23,416, allowing investors to maximize returns in one of Los Angeles' most stable rental submarkets. In addition to its strong fundamentals, the property qualifies for 100% bonus depreciation, creating a unique opportunity for investors to maximize early tax benefits through cost segregation. This combination of modern construction, durable student demand, and excellent operating fundamentals makes 1259 W 36th Pl ideal for any HNW individual or family office seeking a combination of yield, tax shelter, and long-term appreciations.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
26663759
Year Built
2018
Total Square Footage
4,931
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 15
- Bathrooms: 15 Full
- Appliances: Microwave, Oven, Range, Gas/Electric Range
- Air Cond: Heat Pump(s)
- Heating: Heat Pump
- Fireplaces:
- Floor: Engineered Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Counter Top,Quartz Counters
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 5
- Zoning: LARD1.5
- Roof:
- Others:
- Sewer:
- Parking Features: Gated,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1259 W 36th Pl Los Angeles, CA 90007
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