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Prime Brand New Construction Student Housing 1237 W 25th St

4 Unit Block of Flats £3,285,508 (£821,377/Unit) 6.69% Net Initial Yield Los Angeles, CA 90007

Investment Highlights

  • 19 Bedroom + 16 Bathroom Fully Furnished Turn-Key Investment
  • Located within the DPS Patrol Zone
  • Highly Desirable North Of Campus Locations Walking Distance to Campus
  • High Yield 6.69% Cap Rate
  • Front Duplex Fully Reconstructed in 2023, Brand New Construction Rear Duplex Completed in 2023
  • USC Student Housing Investment Opportunity

Executive Summary

The Shamooelian Real Estate Group is pleased to present an exceptional investment opportunity: a newly constructed, fully furnished four-unit student housing property with a remarkable 6.69% cap rate. This property features a total of nineteen bedrooms and sixteen bathrooms, situated in the sought-after DPS Patrol Zone and just a short walk from the University of Southern California (USC). Spanning approximately 6,500 rentable square feet across two distinct structures, the front structure was completely rebuilt in 2023, and features brand new flooring, plumbing, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. Additionally, the front duplex's scope of work included a complete to-the-studs reconstruction, with brand new framing, foundation and roofing, essentially delivering a brand-new low maintenance structure to any prospective buyer. The back duplex was recently constructed and completed in 2023 and features the same high-end finishes as the front unit. The investment is 100% occupied with USC students and fully leased for the 2024-2025 academic school year. 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. Tenants pay for all utilities of the property including Water/Gas/Electric/Trash. (Monthly management fee of $2,007.25 is not included in the cap rate as potential buyers can self-manage at the expiration of leases.) Agent Remarks : PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.

Property Facts

Price £3,285,508
Price Per Unit £821,377
Sale Type Investment
Net Initial Yield 6.69%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 12.27
No. Units 4
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 0.13 AC
Building Size 6,500 SF
Average Occupancy 100%
Number of Floors 2
Year Built 2023
Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code LARD1.5 (Restricted Density Multiple Dwelling)
LARD1.5 (Restricted Density Multiple Dwelling)
  • Listing ID: 33511845

  • Date on Market: 14/10/2024

  • Last Updated:

  • Address: 1237 W 25th St, Los Angeles, CA 90007

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