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1137 W 25TH ST $5,595,000

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    1137 W 25TH ST LOS ANGELES, CA 90007

    • 16 Beds
    • 16 Baths
    • 8,582 sq. ft.
    • Multi-Family
    • MLS# 22-171859
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    Views: 4 Days On Site: 54

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    Property Details

    We are pleased to offer the opportunity to acquire this sixteen (16) unit, turn-key student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC).The property and all sixteen (16) units were completely updated & remodeled in 2021 - featuring 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, updated copper plumbing, double pane windows, and new solar panel system to save money on utilities/ expenses. The building is approximately 8,582 rentable square feet on a 5,788 square foot lot, consisting of sixteen (16) spacious studios. 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 2022-2023 year, with a gross income of $36,480/month.

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    Neighborhood

    90007 (LOS ANGELES) Demographics

    25 Median Age
    17,178 Population Density (per sq. mile)
    32% College Educated
    $30,530 Estimated Median Income
    1,550 Estimated Total Home Owners
    10,698 Estimated Total Renters
    13% / 87% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    42,380 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,161,000 Median Sales Price
    4 Homes Sold
    5 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $5,595,000
        6/23/2022 6:44:00 PM New in Database Source: Multiple Listing Service New Value: $5,595,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.