New Construction Fully Leased Student Housing 1269 W 36th St 5 Unit Apartment Building $3,250,000 ($650,000/Unit) 6.41% Cap Rate Los Angeles, CA 90007

75k Price Reduction! The Shamooelian Real Estate Group is pleased to offer a prime investment opportunity: a newly constructed fully-furnished student housing property at 1269 W. 36th St., Los Angeles, CA 90007, located just steps from the University of Southern California (USC) and within the DPS Patrol Zone. Built in 2024, this modern asset boasts 16 spacious bedrooms and 16 bathrooms, with each bedroom featuring its own en-suite bathroom and closet, along with 4 parking spots for added convenience. Priced at $3,250,000, equivalent to approximately $203,125 per bed and $590 per square foot, this property offers a compelling 6.41% cap rate and is fully leased for the 2025-2026 academic year, guaranteeing immediate returns and sustained growth potential. Covering 5,502 square feet and divided into five units, the property is designed for maximum tenant comfort and functionality. Each unit includes a large open-plan kitchen, expansive living and dining spaces, and in-unit laundry facilities, fostering an inviting and practical living experience. Its versatile design supports both per-room and per-bed rental models, making it ideal for USC students, co-living, or transitional housing arrangements. Situated a short walk from USC and less than half a mile from the Expo/Vermont E Line Metro Station, the property provides easy access to Downtown Los Angeles and iconic landmarks like the LA Coliseum, BMO Stadium, California Science Center, Natural History Museum, and the forthcoming Lucas Museum of Narrative Art. With the 2028 Olympics approaching and steady demand from USC's student population, this low-maintenance, high-yield property offers a unique chance to invest in one of Los Angeles' most stable and thriving submarkets.
Agent Remarks : PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.