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1168 W 36th Pl
Los Angeles, CA 90007
2015-Built USC West Campus Student Housing · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Prime USC Location
EXECUTIVE SUMMARY
CBRE Inc., as exclusive advisor to the Seller, is proud to present 1168-1180 W. 36th Pl., a prime student housing opportunity one-half block west of the University of Southern California (USC) in Los Angeles.
Built in 2015 and designed specifically for student housing, the asset is comprised of 6 freestanding duplexes (12 units in total), each with 3 bedrooms and three bathrooms for a total of 36 bedrooms. Each unit features its own secure garage, kitchen/living area on the second floor and in-unit washer and dryer. The buildings are separately metered for all utilities including water and offer a gated perimeter for tenant security.
The USC student housing market is comprised of mid-sized apartments located in adjacent low density residential neighborhoods along with institutional-sized housing along commercial corridors like Figueroa and Vermont Ave. 1168-1180 W. 36th Pl. boasts clean, safe, modern living just one-half block west of campus and walkable to the Lucas Museum, Exposition Park and the LA Memorial Coliseum. The asset is also just blocks from the Expo/Vermont Metro Line offering express transit from Downtown LA to Santa Monica Beach and everything in between.
The immediate area is a lively mix of student housing, residential streets, and campus-related amenities. It is a very walkable neighborhood with a high Walk Score, making it easy to get around on foot to nearby amenities and attractions. General area amenities include a variety of restaurants, cafes, and markets that serve the student population. The location offers easy access to the numerous cultural and recreational highlights within Exposition Park, including the Natural History Museum of Los Angeles County, the California Science Center, and the Exposition Park Rose Garden. The area also benefits from excellent public transit with nearby Metro stations, further connecting the neighborhood to the rest of Los Angeles.
Please visit the property website www.cbre36th.com to view the Offering Memorandum.
Built in 2015 and designed specifically for student housing, the asset is comprised of 6 freestanding duplexes (12 units in total), each with 3 bedrooms and three bathrooms for a total of 36 bedrooms. Each unit features its own secure garage, kitchen/living area on the second floor and in-unit washer and dryer. The buildings are separately metered for all utilities including water and offer a gated perimeter for tenant security.
The USC student housing market is comprised of mid-sized apartments located in adjacent low density residential neighborhoods along with institutional-sized housing along commercial corridors like Figueroa and Vermont Ave. 1168-1180 W. 36th Pl. boasts clean, safe, modern living just one-half block west of campus and walkable to the Lucas Museum, Exposition Park and the LA Memorial Coliseum. The asset is also just blocks from the Expo/Vermont Metro Line offering express transit from Downtown LA to Santa Monica Beach and everything in between.
The immediate area is a lively mix of student housing, residential streets, and campus-related amenities. It is a very walkable neighborhood with a high Walk Score, making it easy to get around on foot to nearby amenities and attractions. General area amenities include a variety of restaurants, cafes, and markets that serve the student population. The location offers easy access to the numerous cultural and recreational highlights within Exposition Park, including the Natural History Museum of Los Angeles County, the California Science Center, and the Exposition Park Rose Garden. The area also benefits from excellent public transit with nearby Metro stations, further connecting the neighborhood to the rest of Los Angeles.
Please visit the property website www.cbre36th.com to view the Offering Memorandum.
PROPERTY FACTS
| Price Per Unit | $716,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 6.13% | Building Size | 17,232 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2015 |
| Property Subtype | Apartment | Parking Ratio | 0.7/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | LAR4 - restricted Density Multiple Dwelling | ||
| Price Per Unit | $716,667 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 17,232 SF |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | LAR4 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Stainless Steel Appliances
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3 | 12 | $5,632 | 1,436 |
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