The offering is a just-completed development by one of the premier student housing developers and operators of USC student housing. It offers four units: two new constructions that each offer three bedrooms and three baths, and two renovated units, which include a four-bedroom/four-bath and a two-bedroom/two-bath unit. The renovated units feature top-of-the line amenities for tenants. All bedrooms have attached bathrooms, which is an especially attractive feature to student tenants. All units have a common area, a shared kitchen and in-unit laundry. The units are separately metered and tenants are responsible for paying for all utility expenses. Additionally, each unit has its own HVAC and there are seven total parking spaces on the property. The property is professionally managed and fully leased for the 2016-2017 academic year on 12-month leases. With these leases in place and its excellent condition, 1201 West 36th Place is an oustanding turnkey investment opportunity. Additionally, the Seller is willing to continue managing the property, which could make this a franchise-like acquisition. The property is less than a quarter-mile from USC within the CSC and DPS patrol areas. It is also less than a half-mile from the brand new $700MM mixed-use University Village Project due to be completed in Fall 2017.
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, Listed on
STEVEN M. BOGOYEVAC, BROKER
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This Multi-Family home
for sale in Los Angeles, CA
is currently listed for $2,099,000.
Featuring a lot size of 7,482 Sq. Ft.,
1201 W 36th Place
was built in 1907 and
has been on coldwellbankerrealestate.com for 69 days.
This listing is provided courtesy of STEVEN M. BOGOYEVAC, BROKER.
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Data last updated: Saturday, December 10, 2016 at 5:47 PM. Properties in listings may have been sold or may no longer be available.