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$3,995,000
15 bed
5,103 Sqft
6,726 Sqft lot

1256 W Adams Boulevard, Los Angeles, California 90007

  • Residential Income Property Type
  • 17 Days Time on market
  • $783 Price per sqft
  • 2020 Year Built
Property Description

We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of two (2) brand new construction homes(2020) + one (1) fully remodeled house. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. 1256 W. Adams Blvd. is comprised of an updated and fully remodeled 9-bedroom + 7-bathroom house. This three story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TV’s, washer & dryer, an outdoor common area with a barbecue grill and hot tub. 1258 & 1260 W. Adams Blvd. are newly constructed in 2020(non-rent control) and consist of two spacious 3-bedroom + 3-bathroom houses. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers with glass enclosures, wall-mounted flat screen televisions and USB charging ports. In addition, there is a Value-Add Opportunity to convert the garages into 1-bedroom units (Buyer to Verify). The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. This investment presents an excellent opportunity for an investor to acquire a unique premier student housing portfolio in the attractive USC submarket that will provide exponential returns. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. 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 continued excellent operating fundamentals.

Basic Details
Residential Income
Buy
24386689
$3,995,000
15
5,103 Sqft
2020
6,726 Sqft
Active
Condos/Co-ops
Features
6
$0
Address
CA
Los Angeles
Los Angeles
90007
1256 W Adams Boulevard
1256
Boulevard
0
W119° 42' 43.2''
N34° 1' 57.1''
W
Additional Information
17
3
13
: Multi/split
5,103 Sqft
0 Sqft
0 Sqft
0.15 Sqft
6,726 Sqft
1
0 Sqft
LAR4
5055014031
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
01/05/2024 12:32:07
$0
: Standard
1256, 1258, & 1260 W. Adams Blvd, Los Angeles 90007. 3 House Portfolio each with their own APN.
Keller Williams Beverly Hills
Adam Shamooelian
CLW-X74054
CLW-C136898
$0
6.16
1
54x135
1
0
0
3
3
307980
US-06037-N-5055014031-R-N
01/05/2024 19:41:05
Adams
C16 - Mid Los Angeles
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