Luxury Student Housing Near
For Sale
$11,545,000
1259 W 36th Pl, Los Angeles, CA 90007
3 Multifamily Properties USC STUDENT HOUSING PORTFOLIO
Property Size14,972 SF
Lot Size0.57 Acres
Price / SF$771.11
Days on Market644
Property Features for 1259 W 36th Pl
General Information
Standard status
Active
Property type
Multifamily properties, Residential income properties
Size
14,972 SF
Elevators
N/A
Lot size
0.57 Acres
Occupancy
100%
Building Details
Buildings
3
Listed By:
Davis Saadian
(310) 402-8958
Added: Jan 9, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This investment opportunity comprises three brand-new, fully furnished apartment complexes ideally situated near the University of Southern California in Los Angeles. Located in the desirable DPS Patrol Zone, these properties include 10 three-bedroom/three-bathroom units, 4 four-bedroom/three-bathroom units, and 1 one-bedroom/one-bathroom unit, totaling 47 bedrooms and 43 bathrooms. Each unit features high-end finishes including hardwood floors, stainless steel appliances, quartz countertops, tiled showers with glass enclosures, and in-unit washer/dryers. The buildings benefit from new roofs, copper plumbing, double-pane windows, and individually metered utilities (gas, electricity, and water). Currently 100% occupied with USC students and fully leased for the 2024-2025 academic year, generating a gross monthly income of $78,757, with a potential 15% rent increase. The portfolio sits on a 0.57-acre lot and totals 14,972 square feet. This turnkey investment offers a 6.35% cap rate and a 13x GRM, presenting a low-risk opportunity with excellent operating fundamentals and significant growth potential.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,951
Businesses Nearby
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Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - 3 Multifamily Properties USC STUDENT HOUSING PORTFOLIO
Where is this multifamily property located?
The property is located at 1259 W 36th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $11,545,000.
