CA > Los Angeles
Los Angeles, CA 90007,1237 W 25th St
Los Angeles, CA 90007,1237 W 25th St
Los Angeles, CA 90007,1237 W 25th St
17
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$4,199,000
Est. payment /mo
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19 BD
16 BA
5,964 SqFt
Active

1237 W 25th St Los Angeles, CA 90007

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Enrique Arce Cervera

Enrique Arce Cervera

+1(702) 601-3668

UPDATED:

11/25/2024 09:30 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,964 sqft

Price per Sqft $704

MLS Listing ID 24-451439

Bedrooms 19

Year Built 1919

Lot Size 5,871 Sqft

Acres 0.1348

Property Description

We 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.)

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Garage Spaces 2.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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Enrique Arce Cervera

Realtor | RE.S.0193817

+1(702) 601-3668

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1237 W 25th St