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    1256 W Adams Blvd

    Los Angeles, CA 90007
    • $4,075,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: 21-763542
    New On Site 6 Days Ago
    UPDATED: 204 min ago
    $4,075,000
    • 15
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,103
      SQFT
    • $799
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TVs, washer & dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. 1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers. Current 6% Cap Rate - $25,500/month

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T23:42:33.61. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/119534053
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    1256 W Adams Blvd Los Angeles, CA 90007

    • Price: $4,075,000
    • Status: Active
    • Updated: 204 min ago
    • ID#: 21-763542
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,103
    SQFT
    $799
    $/SQFT
    2020
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TVs, washer & dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. 1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers. Current 6% Cap Rate - $25,500/month
    Exterior Features

    Lot Size Area 7262 Other Structures None Parking Garage AssignedCovered Parking Total Parking 7

    Interior Features

    Baths Total 11.00 Cooling Air ConditioningOther Equipment BarbequeFreezerGarbage DisposalDishwasherIce MakerMicrowaveRange/OvenRefrigeratorWasherDryer Heating Other

    Property Features

    ADACompliance Yes Assessed Total Value 1559504 Gross Income 306000 Gross Operating Income 306000 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 247900.00 Number Of Buildings 3 Number Of Units 3 Sale Type Standard Source Living Area Developer Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 58100 Type Of Units Three -3 Sfr Water Heaters YN Yes Year Built Source Seller Zoning Lar4

    Listing provided courtesy of Davis Saadian DRE#01921748 of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T23:42:33.61. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101