Contact Xavier Gomez
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1237 25th Street, Los Angeles, CA 90007
Priced at Only: $4,199,000
For more Information Call
Mobile: 714.478.6676
Address: 1237 25th Street, Los Angeles, CA 90007
Property Photos
Property Location and Similar Properties
- MLS#: 24451439 ( )
- Street Address: 1237 25th Street
- Viewed: 5
- Price: $4,199,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1919
- Bldg sqft: 0
- Days On Market: 72
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90007
- Provided by: Keller Williams Beverly Hills
- Contact: Adam Adam
- DMCA Notice
-
DescriptionWe are 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 5,964 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.)
Features
Building Area Total
- 5964.00
Country
- US
Levels
- Multi/Split
Netoperatingincome
- 280787.00
Parcel Number
- 5055016006
Postalcodeplus4
- 1740
Sourcesystemkey
- 24-451439:CLAW
Totalexpenses
- 63313.00
Year Built
- 1919
Zoning
- LARD1.5
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com