CA > Los Angeles
Los Angeles, CA 90007,1259 W 36th Pl
See all 60 photos
Los Angeles, CA 90007,1259 W 36th Pl
Los Angeles, CA 90007,1259 W 36th Pl
Los Angeles, CA 90007,1259 W 36th Pl
Los Angeles, CA 90007,1259 W 36th Pl
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
18
Jan
Sun
19
Jan
Mon
20
Jan
Cheri' Benjamin

Cheri' Benjamin

+1(404) 965-4080
$ 3,995,000
Est. payment /mo
Save
Active

1259 W 36th Pl Los Angeles, CA 90007

17 Beds

15 Baths

4,931 SqFt

UPDATED:

01/07/2025 05:49 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,931 sqft

Price per Sqft $810

MLS Listing ID 25-477767

Style Modern

Bedrooms 17

Year Built 2018

Lot Size 7,217 Sqft

Acres 0.1656

Property Description

We are pleased to offer the opportunity to acquire this brand new construction five (5) unit, 17-bedroom, student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This turnkey, new construction investment features brand new fully furnished bedrooms, brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, new copper plumbing, double pane windows, and individually metered for all utilities: gas, electricity, & water. The building is approximately 4,931 rentable square feet on a 7,217 square foot lot, consisting of (3) 3-bedroom + 3-bathroom units, and (2) 4-bedroom + 3-bathroom units. 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 100% occupied with USC students, and fully leased for the 2024-2025 year, with a gross income of $27,038/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $29,000/month. The investment is priced at a current 6.25% Cap Rate & 13.2x GRM.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Dual, Other

Flooring Hardwood

Equipment Freezer, Alarm System, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Washer, Other, Dryer, Dishwasher, Garbage Disposal

Laundry In Unit

Exterior

Parking Features Gated, Other

Garage Spaces 5.0

Building

Story 3

Architectural Style Modern

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by KW Advisors
agent

Cheri' Benjamin

+1(404) 965-4080

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

1259 W 36th Pl