The Davis Saadian Group of BRC Advisors – Beverly Hills, is pleased to offer for sale this brand new 2014 construction 13-bedroom + 12-bathroom Student Housing investment opportunity, just a short distance from the internationally renowned University of Southern California (USC). The asset is comprised of two (2) separate two-story structures, with a unit mix consisting of three (3) 3+3 units, and one (1) 4+3 unit The subject property was constructed of wood frame and stucco on a raised foundation built in 2014 with a square footage of 5,904 on a 6,547-square foot lot. The property is 100% student occupied, and the tenants pay all gas, electric, and water expenses. The investment boasts spacious floor plans (about 1,500sqft units), secured gated entry, washer & dryer within each of the units, eleven (11) on-site parking spaces, updated copper plumbing, double pane windows, recently painted, private balconies, and tankless water heaters throughout. The property is also making additional income of $2,150/month, for renting the on-site gym facility.
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.
