1259 W 36th PL, Los Angeles, CA 90007
1259 W 36th PL, Los Angeles, CA 90007
1259 W 36th PL, Los Angeles, CA 90007
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$2,988,888
Est. payment /mo
15 Beds
15 Baths
4,931 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,931 sqft

Price per Sqft $606

MLS Listing ID 26663759

Bedrooms 15

HOA Y/N No

Year Built 2018

Lot Size 7,213 Sqft

Property Description

We are pleased to present 1259 W 36th Pl, a premier 2018-constructed student housing investment opportunity located just west of USC within the university's 24-hour DPS patrol zone. Purpose-built to capture the robust demand from USC's 46,000+ students, 65% of whom live off-campus, the property offers Five units each with 3 bedrooms and 3 bathrooms. Each unit features high-end finishes, quartz countertops, stainless steel appliances, Heat Pump HVAC, and in-unit laundry, and individually metered for all utilities: gas, electricity, & water. Each unit has only two floors and offers spacious open layouts, designed to promote maximum comfort for the students. The property is ideally situated within walking distance to University Park and near the Expo/Vermont Metro Station providing easy access to Downtown Los Angeles, Mid-City, and the Westside. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is fully occupied by USC students and offers a strong 7.05% current cap rate and 10.64 GRM with a monthly scheduled gross income of $23,416, allowing investors to maximize returns in one of Los Angeles' most stable rental submarkets. In addition to its strong fundamentals, the property qualifies for 100% bonus depreciation, creating a unique opportunity for investors to maximize early tax benefits through cost segregation. This combination of modern construction, durable student demand, and excellent operating fundamentals makes 1259 W 36th Pl ideal for any HNW individual or family office seeking a combination of yield, tax shelter, and long-term appreciations.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Heat Pump

Cooling Heat Pump

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Microwave, Oven, Range, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Parking Features Gated, Private

Total Parking Spaces 5

Building

Story 2

Entry Level Two,Multi/Split

Level or Stories Two, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5040007026

Special Listing Condition Standard

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Listed by Benjamin Lee Lyon Stahl Investment Real Estate, Inc. #02123715

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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