See Home Value
$3,915,000 - $4,785,000
Multifamily - Off Market

1256 W Adams Blvd

Los Angeles, CA 90007
bedrooms
Studio
bathrooms
0 Bath
square feet
5103 Sqft

About This Property

We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of two (2) brand new construction homes(2020) + one (1) fully remodeled house. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. 1256 W. Adams Blvd. is comprised of an updated and fully remodeled 9-bedroom + 7-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 TV's, washer & dryer, an outdoor common area with a barbecue grill and hot tub. 1258 & 1260 W. Adams Blvd. are newly constructed in 2020(non-rent control) and consist of two spacious 3-bedroom + 3-bathroom houses. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers with glass enclosures, wall-mounted flat screen televisions and USB charging ports. In addition, there is a Value-Add Opportunity to convert the garages into 1-bedroom units (Buyer to Verify). 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. This investment presents an excellent opportunity for an investor to acquire a unique premier student housing portfolio in the attractive USC submarket that will provide exponential returns. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. 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 continued excellent operating fundamentals.

The manager has listed the unit size as 5103 square feet.
Unit Size
5,103Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$852
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1902

Price History

Date / Event Date Event Price
Apr 24, 2024 No longer available -
No longer available
Jan 22, 2024 Listed $4,350,000
Listed
Oct 18, 2021 Sold $3,850,000
Sold

Property Highlights

Building Details
New Construction


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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