1237 W 25th St - Apartments FOR SALE


Los Angeles, CA 90007- Koreatown
$4,199,000 USD
310-658-2668
1237 W 25th St, Los Angeles, CA for Sale
$4,199,000 USD
Apartments - FOR SALE
1/15
null | 6.69% Cap Rate

1237 W 25th St
Los Angeles, CA 90007
Koreatown


HIGHLIGHTS

  • 19 Bedroom + 16 Bathroom Fully Furnished Turn-Key Investment
  • High Yield 6.69% Cap Rate
  • Located within the DPS Patrol Zone
  • Front Duplex Fully Reconstructed in 2023, Brand New Construction Rear Duplex Completed in 2023
  • Highly Desirable North Of Campus Locations Walking Distance to Campus
  • USC Student Housing Investment Opportunity

OVERVIEW

The Shamooelian Real Estate Group is pleased to present an exceptional investment opportunity: a newly constructed, fully furnished four-unit student housing property with a remarkable 6.69% cap rate. This property features a total of nineteen bedrooms and sixteen bathrooms, situated in the sought-after DPS Patrol Zone and just a short walk from the University of Southern California (USC). Spanning approximately 6,500 rentable square feet across two distinct structures, the front structure was completely rebuilt in 2023, and features brand new flooring, plumbing, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. Additionally, the front duplex's scope of work included a complete to-the-studs reconstruction, with brand new framing, foundation and roofing, essentially delivering a brand-new low maintenance structure to any prospective buyer. The back duplex was recently constructed and completed in 2023 and features the same high-end finishes as the front unit. The investment is 100% occupied with USC students and fully leased for the 2024-2025 academic school year. 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. Tenants pay for all utilities of the property including Water/Gas/Electric/Trash. (Monthly management fee of $2,007.25 is not included in the cap rate as potential buyers can self-manage at the expiration of leases.) Agent Remarks : 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. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.

FOR SALE DETAILS

PRICE

$4,199,000 USD

PRICE/SF

$646 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,049,750

CAP RATE

6.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Brand New Construction Student Housing

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,871 SF

ZONING

LARD1.5

APN/PARCEL ID

5055-016-006

ASK ABOUT THIS PROPERTY

Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.