$3,995,000
1256 Adams Boulevard, Los Angeles 90007
15
Beds
13
Baths
5,103
Square feet
6,726
Lot Size
3
# Of Units
Listing Agent
Adam Shamooelian - Keller Williams Beverly HillsWe 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.
Facts & Features
MLS® # | 24386689 |
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Price | $3,995,000 |
Bedrooms | 15 |
Bathrooms | 13.00 |
Square Footage | 5,103 |
Lot Size | 6,726 |
Year Built | 2020 |
Type | Residential Income |
Status | Active |
# Of Units | 3 |
Community Information
Address | 1256 Adams Boulevard |
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Area | C16 - Mid Los Angeles |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90007 |
Amenities
Parking Spaces | 6 |
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Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 3 |
Stories | Multi/Split |
Additional Information
Date Listed | May 1st, 2024 |
---|---|
Days on Market | 26 |
Zoning | LAR4 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Adam Shamooelian |
---|---|
Office | Keller Williams Beverly Hills |