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1237 25th Street
Los Angeles, CA 90007
Sold
We are pleased to offer the opportunity to acquire this high yield 7.13% Cap newly constructed & fully furnished four (4) unit, nineteen (19) bedroom + sixteen (16) bathroom Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property is approximately 6,500 rentable square feet and is comprised of two (2) separate structures. The front structure was completely rebuilt in 2023, and features brand new flooring, plumbing, quartz counter-tops, 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 2023-2024 academic school year as well as the 2024-2025 academic school year. (Revenue will increase from $25,375 monthly to $28,675 monthly starting August 2024). 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. (fixed rate monthly management fee of $1,755 is not included in cap rate as potential buyer can self-manage at expiration of leases.)
PROPERTY INFORMATION
| MLS # | 23302589 | Lot Size | 5,871 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 3,995,000
Price Per SqFt: $ 615 |
DOM | 623 Days |
| Address | 1237 25th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 6,500 Sq. Ft. |
| Postal Code | 90007 | Garage | N/A |
| County | Los Angeles | Year Built | 1919 |
| Bed / Bath | 19 / 0 | Parking | 2 |
| Built In | 1919 | Status | Closed |
| Sold Date | 2023-11-15 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,261
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/29/2023 | Listed | $3,995,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Adam Shamooelian, Keller Williams Beverly Hills. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
