This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
1237 W 25th St, Los Angeles, CA 90007
$3,705,000
1237 W 25th St, Los Angeles, CA 90007View this property at 1237 W 25th St, Los Angeles, CA 90007
1237 W 25th StLos AngelesCA90007
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
We are pleased to offer the opportunity to acquire this high yield 7.13% Cap newly constructed & fully furnished four (4) unit, nineteen (19) bedroom + sixteen (16) bathroom Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property is approximately 6,500 rentable square feet and is comprised of two (2) separate structures. The front structure was completely rebuilt in 2023, and features brand new flooring, plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. Additionally, the front duplex's scope of work included a complete to-the-studs reconstruction, with brand new framing, foundation and roofing, essentially delivering a brand-new low maintenance structure to any prospective buyer. The back duplex was recently constructed and completed in 2023 and features the same high-end finishes as the front unit. The investment is 100% occupied with USC students and fully leased for the 2023-2024 academic school year as well as the 2024-2025 academic school year. (Revenue will increase from $25,375 monthly to $28,675 monthly starting August 2024). 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. Tenants pay for all utilities of the property including Water/Gas/Electric/Trash. (fixed rate monthly management fee of $1,755 is not included in cap rate as potential buyer can self-manage at expiration of leases.)
Full Property Details
Full Property Details for 1237 W 25th St
General
- Sold For: $3,705,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-302589
- Added to Site: 256 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 16
Bedrooms
- Total Bedrooms: 19
Additional Information
- Other Features: Other
Parking
- Garage Description: Other
Location
- Area: Mid Los Angeles
- County: Los Angeles
- Driving Directions: 1237 W. 25th Street, 90007
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 6,500
- Sq. Ft. Source: Builder
- Year Built: 1919
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 3
- Bedrooms: 4
Unit 2
- Total Bathrooms: 1
Unit 3
- Total Bathrooms: 6
- Bedrooms: 7
Unit 4
- Total Bathrooms: 6
- Bedrooms: 7
Additional Structures
- Other Structures: Other
Lot Features
- Lot Size (Acres): 0.1348
- Lot Size: 5871
- Lot Size Source: Assessor
- Lot Dimensions: 50 x 118
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $614.62
- Assessment Year: 1919
Disclosures and Reports
- Disclosures/Reports: Other
- APN: 5055-016-006
Listed by Keller Williams Beverly Hills, Adam Shamooelian
Sold by Non-Participant Office, Subscriber Non
Get Pre-Approved Today
Schools
Schools serving 1237 W 25th St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2020 Oak St, Los Angeles, CA 90007 | K-5 | 0.6 mi | |
151 W 30th St, Los Angeles, CA 90007 | 6-8 | 1.2 mi | |
1500 W Washington Blvd, Los Angeles, CA 90007 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1237 W 25th St
Date
Details
Price
Change
Source
11/15/2023
Sold
$3,705,000
-7.26%
MLS
8/21/2023
Listed
$3,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1237 W 25th St, Los Angeles, CA 90007 (MLS# 23-302589) is a Multi-Family property that was sold at $3,705,000 on November 15, 2023. Want to learn more about 1237 W 25th St? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.