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Map
$3,915,000 - $4,785,000
●
Multifamily -
Off Market
1256 W Adams Blvd
Los Angeles, CA 90007
Studio
0 Bath
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/22/2024
|
|
Loft
|
-
|
5103 ft²
|
$4,350,000
Loft
-
5103 ft²
|
-
-
|
-
|
Adam Shamooelian
Keller Williams Beverly Hills
|
06/10/2021
|
|
Studio
|
-
|
-
|
$4,125,000
Studio
-
|
$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