$4,075,000 Price Analysis   ♡   Los Angeles, CA 90007 15 bed 11 bath 5,103 SqFt ($798/SqFt) 7,262SqFt lot. Built 2020 Listed 2024-01-25, Taxes $16,443 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3)
* No Longer For Sale *
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Fully updated and remodeled houses. Each house has its own APN and is 100% occupied with USC students, 1-year lease agreements and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone and walking distance to the USC campus and Village. Expenses are extremely light as the tenants pay for all water, trash, gas and electricity. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings.
The house features quartz counter tops, stainless steel appliances, large flat screen TVs, washer and dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14, 500/mnth. 1258 W. Adams was newly constructed in 2020 (non-r ent control) and consists of a roomy 3-bedroom + 3-bathroom house. This house is currently rented for $5, 500/month. 1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5, 500/month. Amenities include washer and dryer, stainless steel kitchen appliances, air conditioning, tiled showers. Current 6% Cap Rate - $25, 500/month
Presented by Davis Saadian at
Keller Williams Beverly Hills.
Property MLS #21-763542 from TheMLSCLAW
Full Bathrooms: 11
Lot Size Dimensions: 54x135
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7262
Parking Total: 7
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Unit Features: 1 BedsTotal: 9, 1 BathsTotal: 5, 1 SquareFeet: 16500, 2 BedsTotal: 3, 2 BathsTotal: 3, 2 SquareFeet: 6500, 3 BedsTotal: 3, 3 BathsTotal: 3, 3 SquareFeet: 6500
County: Los Angeles
Cap Rate: 6
Directions: 1256, 1258, & 1260 W. Adams Blvd, LA 90007. Student Housing portfolio consisting of three (3) singe family residences, each with their own APN.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5055-014-003
Postal Code Plus 4: 1705
Zoning: LAR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $420,000 + $980,000 $1,400,000 | $16,443 |
| 2021 | $499,643 + $552,107 $1,051,750 | $12,483 |
$0
TheMLSCLAW
Listed 2024-05-01
$3,995,000
TheMLSCLAW
Listing removed 2024-04-24
$0
TheMLSCLAW
Listed 2024-01-22
$4,350,000
TheMLSCLAW
Sold 2021-10-20
$3,850,000
TheMLSCLAW
Sold 2015-04-03
$1,215,000
Public Record
Sold 1996-06-21
$151,000
Public Record
Sold 1995-08-16
$112,000
Public Record
Year Built: 2020
Living Area Source: Developer
Property Age: 4
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Seller
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.