USC STUDENT HOUSING PORTFOLIO| 6.35% CAP
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USC STUDENT HOUSING PORTFOLIO| 6.35% CAP
3 Multifamily Properties Offered at $11,545,000 in Los Angeles, CA
Investment Highlights
- Brand New Construction USC Student Housing Portfolio
- Located in the prime DPS Patrol Zone
- Fully Furnished bedrooms, featuring hardwood floors, stainless steel kitchen appliances, quartz counter tops, in-unit washer & dryers
- Current Stabilized 6.35% Cap Rate & 13x GRM
- 100% Occupied with USC Students
- Separately Metered for water, gas, and electricity
Executive Summary
The Davis Saadian Group is pleased to offer the opportunity to acquire this 47-bedroom + 43-bathroom USC Student Housing Portfolio, consisting of three (3) brand new construction Apartment Complexes, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC).
This turnkey, new construction portfolio features fully furnished bedrooms, brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, new copper plumbing, double pane windows, and individually metered for all utilities: gas, electricity, & water. The portfolio consists of (10) 3-bedroom + 3-bathroom units, and (4) 4-bedroom + 3-bathroom units, and (1) 1-bedroom + 1-bathroom unit.
Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2024-2025 year, with a gross income of $78,757/month. There’s approximately 15% potential upside in rents, which an investor can achieve closer to about $84,000/month. The Portfolio investment is priced at a current blended 6.35% Cap Rate & 13x GRM.
PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services.
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.945084
This turnkey, new construction portfolio features fully furnished bedrooms, brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, new copper plumbing, double pane windows, and individually metered for all utilities: gas, electricity, & water. The portfolio consists of (10) 3-bedroom + 3-bathroom units, and (4) 4-bedroom + 3-bathroom units, and (1) 1-bedroom + 1-bathroom unit.
Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2024-2025 year, with a gross income of $78,757/month. There’s approximately 15% potential upside in rents, which an investor can achieve closer to about $84,000/month. The Portfolio investment is priced at a current blended 6.35% Cap Rate & 13x GRM.
PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services.
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.945084
Taxes & Operating Expenses (Actual - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$945,084
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$945,084
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$216,302
|
| Net Operating Income |
$728,782
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $945,084 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $945,084 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $216,302 |
| Net Operating Income | |
|---|---|
| Annual | $728,782 |
Property Facts
| Price | $11,545,000 | Number of Properties | 3 |
| Price / SF | $771.11 / SF | Individually For Sale | 0 |
| Cap Rate | 6.35% | Total Building Size | 14,972 SF |
| Sale Type | Investment | Total Land Area | 0.15 AC |
| Status | Active |
| Price | $11,545,000 |
| Price / SF | $771.11 / SF |
| Cap Rate | 6.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 14,972 SF |
| Total Land Area | 0.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1370 W 35th Pl, Los Angeles, CA 90007 | Multifamily | 5,448 SF | 2022 | - |
|
1259 W 36th Pl
1259 W 36th Pl, Los Angeles, CA 90007 |
Multifamily | 4,000 SF | 2021 | - |
| 1231 W 36th Pl, Los Angeles, CA 90007 | Multifamily | 5,524 SF | 2022 | - |
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USC STUDENT HOUSING PORTFOLIO| 6.35% CAP
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