818-502-6744
1248 W Adams Blvd, Los Angeles, CA for Sale
Apartments - FOR SALE
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1248 W Adams Blvd
Los Angeles, CA 90007
Koreatown


HIGHLIGHTS

  • The property is within the USC Department of Public Safety (DPS) Patrol.
  • Enjoy breathtaking views of Downtown LA and Hollywood from the sunny rooftop deck.
  • Features an appealing mix of spacious 2- and 3-bedroom units with various bathroom options.
  • The property offers a controlled access subterranean parking garage with 34 parking spaces (2.3/unit).

OVERVIEW

Invest in the Student Housing Sector and Be Part of a Resilient and Consistently Growing, In-Demand Asset Class. Capitalize on California’s strong and exponentially-expanding student housing market with this beautifully renovated 36-bedroom apartment building called Avalon, which is conveniently located on the north side of the University of Southern California (USC) campus. Adjacent to an abundance of amenities, restaurants, and entertainment and shopping options including USC Village and L.A. Live/Crypto.com Arena, the property sits on the south side of West Adams Boulevard, between Orchard Avenue and Ellendale Place. Built in 2002, this 4-story, controlled access, elevator building features an appealing mix of spacious 2- and 3-bedroom units with various bathroom options. Each unit has been completely and stylishly remodeled and features high ceilings, a balcony, new hardwood flooring, new blinds and lighting, all new stainless steel appliances (including refrigerator, range microwave and dishwasher), landscaping, surveillance cameras throughout, new bathrooms, TVs in every room, A/C, gated parking, bike racks, on-site laundry, and more! Also enjoy breathtaking views of Downtown LA and Hollywood from the sunny rooftop deck. The unit mix is as follows: nine 2BD+2BA flats; three 3BD+2BA flats, and three 3BD+3BA flats. The property offers a controlled access subterranean parking garage with 34 parking spaces (2.3/unit). The property is within the USC Department of Public Safety (DPS) Patrol. This means that DPS patrols the area surrounding USC’s University Park Campus 24 hours per day, 7 days a week! Additionally, for those who work, study, or take classes at night, the USC Campus Cruiser Service offers either a walking or vehicle escort to DPS Patrol-covered properties at no cost.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

15

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Avalon Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

LAR4

APN/PARCEL ID

5055-014-026

ASK ABOUT THIS PROPERTY

Edward MatevosianCBRE, Inc.More Info
818-502-6744

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Edward MatevosianCBRE, Inc.More Info
818-502-6744

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