REDUCED! USC-Area 5 Brand New Large Units | 1165 W 39th St
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REDUCED! USC-Area 5 Brand New Large Units 1165 W 39th St
5 Unit Apartment Building $3,199,000 ($639,800/Unit) 5.94% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Not Subject to Rent Control - No Affordable Units
- Near USC and Exposition Park. Half a Mile to E/Expo Metro Station
- Strong Cashflow at Market Rents
- Brand New Construction - 2 Buildings - 5 Large Units - 13 Bedrooms + 2 Dens that can be used as bedrooms
- Perfect for Students, Teachers, Employees - Rent by the Room - High USC Demand Area
- Opportunity Zone
Executive Summary
REDUCED! 3 Units Rented!
Partners CRE is proud to exclusively present for sale a 100% Brand New Construction, Non-Rent-Controlled 5 Unit Residential Building in the USC area!
The property features only Market Rate units with no RSO, and would command strong cash flow at market rents, with a large pool of USC Students as potential tenants!
With carefully designed layouts allowing for the renting of units by the room, this property boasts 13 Bedrooms + 2 Dens (could be used as bedrooms) and 6,135 SF of rentable square footage. The units all have open great rooms with Kitchen and Dining areas, they all have washers and dryers, air conditioning. The four larger units are townhouse-style and each have direct access to their own individual rooftop decks. There are outlets for Electric Vehicles and four sets of Solar Panels on the roofs.
Perfect for students (rent as a group or by the room!), teachers, employees…everyone. There are six parking spaces on site (four in the back and two tandem spaces in the drive way in the front) with the possibility of two more in front of the building. Or walk half a mile to the E / Expo Metro Subway station and head to the beach, Downtown LA, or connect to the rest of Southern California.
The property is walking distance to USC, Exposition Park (with the Natural History Museum, the new Lucas Museum of Narrative Art, BMO Stadium, the LA Memorial Coliseum…), The Shops at USC Village and much more.
Income information listed is Pro Forma. Property currently in lease-up.
Partners CRE is proud to exclusively present for sale a 100% Brand New Construction, Non-Rent-Controlled 5 Unit Residential Building in the USC area!
The property features only Market Rate units with no RSO, and would command strong cash flow at market rents, with a large pool of USC Students as potential tenants!
With carefully designed layouts allowing for the renting of units by the room, this property boasts 13 Bedrooms + 2 Dens (could be used as bedrooms) and 6,135 SF of rentable square footage. The units all have open great rooms with Kitchen and Dining areas, they all have washers and dryers, air conditioning. The four larger units are townhouse-style and each have direct access to their own individual rooftop decks. There are outlets for Electric Vehicles and four sets of Solar Panels on the roofs.
Perfect for students (rent as a group or by the room!), teachers, employees…everyone. There are six parking spaces on site (four in the back and two tandem spaces in the drive way in the front) with the possibility of two more in front of the building. Or walk half a mile to the E / Expo Metro Subway station and head to the beach, Downtown LA, or connect to the rest of Southern California.
The property is walking distance to USC, Exposition Park (with the Natural History Museum, the new Lucas Museum of Narrative Art, BMO Stadium, the LA Memorial Coliseum…), The Shops at USC Village and much more.
Income information listed is Pro Forma. Property currently in lease-up.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$270,336
|
$41.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,517
|
$2.08
|
| Effective Gross Income |
$256,819
|
$39.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
$66,733
|
$10.27
|
| Total Expenses |
$66,733
|
$10.27
|
| Net Operating Income |
$190,086
|
$29.24
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $270,336 |
| Annual Per SF | $41.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $13,517 |
| Annual Per SF | $2.08 |
| Effective Gross Income | |
|---|---|
| Annual | $256,819 |
| Annual Per SF | $39.51 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $66,733 |
| Annual Per SF | $10.27 |
| Total Expenses | |
|---|---|
| Annual | $66,733 |
| Annual Per SF | $10.27 |
| Net Operating Income | |
|---|---|
| Annual | $190,086 |
| Annual Per SF | $29.24 |
Property Facts
| Price | $3,199,000 | Building Class | B |
| Price Per Unit | $639,800 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 6,135 SF |
| Cap Rate | 5.94% | Average Occupancy | 60% |
| Gross Rent Multiplier | 13.32 | No. Stories | 3 |
| No. Units | 5 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 0.98/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $3,199,000 |
| Price Per Unit | $639,800 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Gross Rent Multiplier | 13.32 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 6,135 SF |
| Average Occupancy | 60% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.98/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Sprinkler System
Site Amenities
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,995 | 924 |
| 2+2.5 | 1 | $2,895 | 1,128 |
| 3+2.5 | 1 | $3,938 | 1,277 |
| 3+3.5 | 2 | $5,850 | 1,403 |
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Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5037-010-033 | Total Assessment | $2,766,452 |
| Land Assessment | $810,762 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $1,955,690 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5037-010-033
Land Assessment
$810,762
Improvements Assessment
$1,955,690
Total Assessment
$2,766,452
Annual Taxes
$0 ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | RD1.5 (Brand New 5 Unit Rental Property Near USC) |
| RD1.5 (Brand New 5 Unit Rental Property Near USC) |
-
Dario Svidler -
Partners CRE - KWBH
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REDUCED! USC-Area 5 Brand New Large Units | 1165 W 39th St
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