16
See all 16 photos
$3,099,000
Est. payment /mo
16 Beds
16 Baths
5,298 SqFt
New
1269 W 36th ST Los Angeles, CA 90007
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,298 sqft
Price per Sqft $584
MLS Listing ID 26986719
Bedrooms 16
HOA Y/N No
Year Built 2024
Lot Size 5,218 Sqft
Property Description
We are pleased to present 1269 W 36th St, a newer constructed 16-bed student housing asset built in 2024, located just west of USC's University Park Campus within the USC Department of Public Safety (DPS) Patrol Zone. The property features five units, with mostly two- and three-bedroom floor plans designed to appeal to recent student leasing demand for less roommates. The property is offered at a 6.48% CAP rate and 11.71 GRM on in-place income, with a projected 9.40% CAP rate and 8.72 GRM at market rents, providing meaningful embedded upside. Fully leased for the Fall 2026 semester with every bed secured through late July 2027, the property offers stabilized cash flow and minimal near-term lease-up risk. Three of the five units are master leased, providing a more hands-off ownership experience with utilities and day-to-day management shifted to the master tenant. Located within walking distance of USC, less than one mile from USC Village, and near the Expo/Vermont Metro station, the property benefits from strong and durable student housing demand. The property also qualifies for 100% bonus depreciation under the One Big Beautiful Bill Act, offering potential tax advantages and an opportunity for cost segregation. The offering represents a turnkey opportunity to acquire 2024 construction student housing with stable income, built-in rental upside, and a prime USC location.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Heating Central
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Driveway
Pool None
Community Features Gated
Total Parking Spaces 4
Private Pool No
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction Yes
Others
Senior Community No
Tax ID 5040006012
Security Features Gated Community,Key Card Entry,Smoke Detector(s)
Special Listing Condition Standard
Listed by Benjamin Lee Lyon Stahl Investment Real Estate, Inc. #02123715
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