See all 43 photos

$3,925,000

Est. payment - /mo

Save

15 BD

15 BA

5,524 SqFt

New

1231 W 36th Pl Los Angeles, CA 90007

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Jan

Fri

Jan

Sat

Jan

Juliana McCormick

[email protected] +1(702) 202-9709

UPDATED:

01/07/2025 06:22 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,524 sqft

Price per Sqft $710

MLS Listing ID 25-477811

Style Modern

Bedrooms 15

Construction Status New Construction

Year Built 2019

Lot Size 6,388 Sqft

Acres 0.1466

Property Description

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 5,524 rentable square feet on a 6,388 square foot lot, consisting of (5) 3-bedroom + 3-bathroom units. 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 2024-2025 year, with a gross income of $26,371/month. There's approximately 10% potential upside in rents, which an investor can achieve closer to about $28,000/month. The investment is priced at a current 6.25% Cap Rate & 13.2x GRM.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Dual, Other

Flooring Hardwood

Equipment Dryer, Dishwasher, Freezer, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Garbage Disposal, Other, Washer

Laundry In Unit

Exterior

Parking Features Gated, Other

Garage Spaces 5.0

Building

Story 3

Architectural Style Modern

Level or Stories Multi/Split

Construction Status New Construction

Others

Special Listing Condition Standard

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 ©2025 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 KW Advisors

GET MORE INFORMATION

Juliana McCormick

Realtor | RE.45715

+1(702) 202-9709

1231 W 36th Pl Los Angeles, CA 90007

Juliana McCormick

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

1231 W 36th Pl