1269 W 36th ST, Los Angeles, CA 90007
1269 W 36th ST, Los Angeles, CA 90007
1269 W 36th ST, Los Angeles, CA 90007
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$3,099,000
Est. payment /mo
16 Beds
16 Baths
5,298 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,298 sqft

Price per Sqft $584

MLS Listing ID 26986719

Bedrooms 16

HOA Y/N No

Year Built 2024

Lot Size 5,218 Sqft

Property Description

We are pleased to present 1269 W 36th St, a newer constructed 16-bed student housing asset built in 2024, located just west of USC's University Park Campus within the USC Department of Public Safety (DPS) Patrol Zone. The property features five units, with mostly two- and three-bedroom floor plans designed to appeal to recent student leasing demand for less roommates. The property is offered at a 6.48% CAP rate and 11.71 GRM on in-place income, with a projected 9.40% CAP rate and 8.72 GRM at market rents, providing meaningful embedded upside. Fully leased for the Fall 2026 semester with every bed secured through late July 2027, the property offers stabilized cash flow and minimal near-term lease-up risk. Three of the five units are master leased, providing a more hands-off ownership experience with utilities and day-to-day management shifted to the master tenant. Located within walking distance of USC, less than one mile from USC Village, and near the Expo/Vermont Metro station, the property benefits from strong and durable student housing demand. The property also qualifies for 100% bonus depreciation under the One Big Beautiful Bill Act, offering potential tax advantages and an opportunity for cost segregation. The offering represents a turnkey opportunity to acquire 2024 construction student housing with stable income, built-in rental upside, and a prime USC location.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Central

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Driveway

Pool None

Community Features Gated

Total Parking Spaces 4

Private Pool No

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 5040006012

Security Features Gated Community,Key Card Entry,Smoke Detector(s)

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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