1256 W Adams Boulevard, Los Angeles, CA 90007
Property · 2 recorded sales since 2015
Sold October 2021
Listing Agent: Davis Saadian (DRE #01921748) · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Davis Saadian · Keller Williams Beverly Hills · MLS #21763542 · Source: CRMLS
About this property
We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. 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. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-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 TVs, washer & dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. 1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers. Current 6% Cap Rate - $25,500/month
Listing description from the October 2021 sale, as reported to CRMLS.
Sale history
