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$3,775,000
Est. payment /mo
5,295 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,295 sqft
Price per Sqft $712
MLS Listing ID CL25530101
HOA Y/N No
Year Built 2015
Lot Size 6,954 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
We are pleased to offer the opportunity to acquire this five (5) unit, turn-key student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The site is well situated in the pristine rare North of campus pocket, consisting of a triplex built in 1907, and a duplex built in 2015. The properties and all five (5) units have been completely updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, wall-mounted flat screen televisions, and high-end finishes throughout the units. The property is fully gated and includes modern spacious units, garaged parking, and an outdoor common area with a gas barbecue and hot tub for students to enjoy. The investment features a new roof, updated copper plumbing, double pane windows, and individually metered for water, gas & electricity (the tenants pay for all utilities). The building is approximately 5,295 rentable SF on a 6,952 SF lot, consisting of (3) 3-bedroom + 2-bathroom units, (1) 4-bedroom + 2-bathroom unit, and (1) studio unit. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Cooling Other
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Building
New Construction No
Others
Tax ID 5039001050
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Listed by Davis Saadian • Keller Williams Hollywood Hills