1256 W Adams Blvd
3 Unit Apartment Building $3,850,000 ($1,283,333/Unit) 5.86% Cap Rate Los Angeles, CA 90007
INVESTMENT HIGHLIGHTS
- Located within the CSC and DPS Security Patrol Zones
- Offered at an Attractive 5.86% Cap Rate
- Each Unit Is Individually Parceled, Enabling a Buyer to Creatively Structure the Transaction
- Unit Mix- 9 Bed/7 Bath, 3 Bed/3 Bath, 3 Bed/3 Bath
EXECUTIVE SUMMARY
Don't miss out on this opportunity to acquire a fully leased student housing property in a high-demand area! 3 Unit, 15 Bedroom Student Housing Property Located Walking Distance to USC. Front House is Fully Renovated and Rear Duplex is 2022 Construction. Fully Rented to USC Students with Rents Already in Place for the 2024-2025 Academic Year
PROPERTY FACTS
Price | $3,850,000 |
Price Per Unit | $1,283,333 |
Sale Type | Investment |
Cap Rate | 5.86% |
No. Units | 3 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Townhome |
Building Class | C |
Lot Size | 0.15 AC |
Building Size | 5,103 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built/Renovated | 2020/2022 |
Parking Ratio | 1.57/1,000 SF |
UNIT AMENITIES
- Kitchen
- Dining Room
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
3+3 | 1 | - | - |
3+3 | 1 | - | - |
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (90)
ZONING
Zoning Code | LAR4 (Front House with Back Lot Subdivided into two townhomes.) |