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1325 Adams Boulevard
Los Angeles, CA 90007
Sold
1325 Adams Boulevard
Los Angeles, CA 90007
Sold
We are pleased to offer the opportunity to acquire this high yield 7.65% Cap furnished three (3) unit, 12 bedroom + 5.5 bathroom house + two (2) studio 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 4,725 rentable square feet on an oversized 10,324 square foot lot. The property has two (2) separate structures, with a unit mix of a large Single Family Residence comprised of fully permitted 12 bedrooms & 5.5 bathrooms. As well as an additional structure in the rear consisting of 2 studio units (1 studio non-conforming). The main house was remodeled in 2019, with brand new flooring, updated electrical, and an in-unit washer & dryer. The two studio units have recently been completed 2021, featuring brand new kitchenettes & appliances in addition to being fully furnished. The investment is 100% occupied with USC students and fully leased for the 2022-2023 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 lease investment that is poised for continued growth and excellent operating fundamentals. The property is currently grossing $19,950 per month with the tenants paying for the utilities including Water/Gas/Electric. In addition, this property has the benefit of substantially reduced property taxes as the property is under the Mill's Act (current owner paying $9,001 annually in property tax).
PROPERTY INFORMATION
| MLS # | 23264121 | Lot Size | 10,324 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,895,000
Price Per SqFt: $ 613 |
DOM | 772 Days |
| Address | 1325 Adams Boulevard | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,725 Sq. Ft. |
| Postal Code | 90007 | Garage | N/A |
| County | Los Angeles | Year Built | 1899 |
| Bed / Bath | 14 / 0 | Parking | 6 |
| Built In | 1899 | Status | Closed |
| Sold Date | 2023-07-10 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,088
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/26/2023 | Listed | $2,895,000 |
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.
