See Home Value
$4,808,031*
Multifamily - Off Market

1256 W Adams Blvd

Los Angeles, CA 90007
bedrooms
Studio
bathrooms
0 Bath
$3,713,000 - $4,537,000
Reference Base Price*
16.56%
Since Aug 1, 2021
CA-Los Angeles
Primary Model

About This Property

We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) 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 & 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 & dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 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. 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 & dryer, stainless steel kitchen appliances, air conditioning, tiled showers.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1902

Price History

Date / Event Date Event Price
Oct 18, 2021 Sold $3,850,000
Sold
Jul 12, 2021 No longer available -
No longer available
Jun 10, 2021 Listed $4,125,000
Listed

Property Highlights

Air Conditioning
Parking Available


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
-
5,103 ft²
$783/ft²
$3,995,000 May 1, 2024
-
-
Other
Loft
-
7,012 ft²
$555/ft²
$3,895,000 Mar 27, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20240122
01/22/2024
Loft
-
5103 ft²
$4,350,000
bedrooms
Loft
bathrooms
-
square feet
5103 ft²
-
-
-
Adam Shamooelian
Keller Williams Beverly Hills
20210610
06/10/2021
Studio
-
-
$4,125,000
bedrooms
Studio
bathrooms
-
$3,850,000 -6.67%
10/18/2021
-
Davis Saadian
Keller Williams Beverly Hills

Building Info

1256 West Adams Boulevard 1256 West Adams Boulevard, Los Angeles, CA 90007
  • 1 Unit for Sale
More about this Building
1256 West Adams Boulevard
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About South LA


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