1259 W 36th Place, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1259 W 36th Place,Los Angeles, CA 90007
$3,315,000
- 15 Beds
- 15 Baths
- 4,931 sq. ft.
- Multi-family
- Active
Listed by:davis saadian
Office:keller williams hollywood hills
MLS#:25600047
Source:CRMLS
Price summary
- Price:$3,315,000
- Price per sq. ft.:$672.28
About this home
We are pleased to offer the opportunity to acquire this brand-new construction, five (5) unit, 15-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 (5) 3-bedroom + 3-bathroom units. Units are spacious with beautiful layouts. 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 2025-2026 year, with a gross income of $24,937/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $28,000/month. The investment is priced at a current 7.1% Cap Rate & 11x GRM. Email for the Executive Summary/ Financial Analysis.
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Home facts
- Year built:2018
- Listing ID #:25600047
- Added:1 day(s) ago
- Updated:October 01, 2025 at 07:28 PM
Rooms and interior
- Bedrooms:15
- Total bathrooms:15
- Living area:4,931 sq. ft.
Heating and cooling
- Cooling:Dual
- Heating:Combination
Structure and exterior
- Year built:2018
- Building area:4,931 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$3,315,000
- Price per sq. ft.:$672.28
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