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1201 West 36th Place, Los Angeles, CA 90007

$2,099,000 Approx. USD 0 beds, 0 baths
5,703 sqft

Agent Remarks

The offering is a just-completed development by one of the premier student housing developers and operators of USC student housing. It offers four units: two new constructions that each offer three bedrooms and three baths, and two renovated units, which include a four-bedroom/four-bath and a two-bedroom/two-bath unit. The renovated units feature top-of-the line amenities for tenants. All bedrooms have attached bathrooms, which is an especially attractive feature to student tenants. All units have a common area, a shared kitchen and in-unit laundry. The units are separately metered and tenants are responsible for paying for all utility expenses. Additionally, each unit has its own HVAC and there are seven total parking spaces on the property. The property is professionally managed and fully leased for the 2016-2017 academic year on 12-month leases. With these leases in place and its excellent condition, 1201 West 36th Place is an oustanding turnkey investment opportunity. Additionally, the Seller is willing to continue managing the property, which could make this a franchise-like acquisition. The property is less than a quarter-mile from USC within the CSC and DPS patrol areas. It is also less than a half-mile from the brand new $700MM mixed-use University Village Project due to be completed in Fall 2017.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# PW16716333
List price is $2,099,000 Reduced by $51,000 on 10/4/2016
Beds: 0
Baths: 0
Built in 1907
5,703 sqft
0.17 acres
Lot size: 7482.000
County: Los Angeles
Zoning: LARD1.5
MLS area: C34 - Los Angeles Southwest

Last Updated: 10/4/2016

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This listing belongs to the C34 - Los Angeles Southwest MLS area

The listing is zoned LARD1.5.
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Broker: Courtesy of Steven M. Bogoyevac, Broker
Listing Agent: Steven Bogoyevac
Co Listing Agent: Daniel Lewin

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