• 1256 W Adams Boulevard Los Angeles, CA 90007

  • $3,995,000
  • 15
    Bed(s)
  • 0
    Baths
  • 5,103
    Sq Ft
  • 6726
    Sqft
  • Listed By: Adam Shamooelian, Keller Williams Beverly Hills, DRE #02116849
  • Source: CRMLS

We 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.

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 15

Bathroom Information

Total Baths: 13

Full Baths: 0

Half Baths: 0

Building Information

Year Built: 2020

Building Area Total: 5,103

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1544

Lot Size Dimensions: 54x135

Lot Size Source: Estimated

Lot Size Square Feet: 6726

Listing Price Information

Original List Price: 3,995,000

Listing Contract Date: 2024-05-01

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5055014031

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: C16 - Mid Los Angeles

Postal Code Plus 4: 1705

Directions: 1256, 1258, & 1260 W. Adams Blvd, Los Angeles 90007. 3 House Portfolio each with their own APN.

Zoning: LAR4

Source Property Type: Residential Income

Area: C16 - Mid Los Angeles

Building and Construction

Property Age: 4

Year Built Source: Builder

Total Square Feet Living: 5103

Levels or Stories: Multi/Split

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1415 W 22nd Street, Los Angeles, CA,90007 $1,047,500 5 -- 2,189 5997 Sqft
1421 W 22nd Street, Los Angeles, CA,90007 $1,047,500 5 -- 2,189 6290 Sqft
2754 Kenwood Avenue, Los Angeles, CA,90007 $1,625,000 5 3 3,502 9004 Sqft
1459 W 29th Street, Los Angeles, CA,90007 $1,299,000 7 -- 2,986 7487 Sqft
2723 S Budlong Avenue, Los Angeles, CA,90007 $1,999,999 -- -- 7,294 7771 Sqft
2220 Raymond Avenue, Los Angeles, CA,90007 $1,600,000 8 4 4,864 6750 Sqft
1362 W 37th Drive, Los Angeles, CA,90007 $750,000 3 2 1,276 4501 Sqft
2112 Toberman Street, Los Angeles, CA,90007 $1,595,000 -- -- 4,208 5496 Sqft
1275 W 37th Drive, Los Angeles, CA,90007 $1,500,000 5 3 1,786 6602 Sqft
1256 W 22nd Street, Los Angeles, CA,90007 $1,080,000 4 -- 2,436 5859 Sqft

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ByOwner last updated this listing 05/23/2024 @ 08:33

MLS: 24386689
LISTED BY: Adam Shamooelian, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 2.25%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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