1259 W 36th Place, Los Angeles, CA 90007
Local realty services provided by:ERA Excel Realty
1259 W 36th Place,Los Angeles, CA 90007
$3,148,888
- 15 Beds
- 15 Baths
- 4,931 sq. ft.
- Multi-family
- Active
Listed by: davis saadian
Office: keller williams hollywood hills
MLS#:26637777
Source:CRMLS
Price summary
- Price:$3,148,888
- Price per sq. ft.:$638.59
About this home
We are pleased to offer the opportunity to acquire this 2018 construction, five (5) unit, 15-bedroom + 15-bathroom student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This turnkey, new construction investment features brand new fully furnished bedrooms, brand new vinyl plank floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, new copper plumbing, double pane windows, and individually metered for all utilities: gas, electricity, & water. The building is approximately 4,931 rentable square feet on a 7,217 square foot lot, consisting of (5) 3-bedroom + 3-bathroom units. Units are spacious with beautiful layouts. 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 100% occupied with USC students, and fully leased, with a gross income of $24,937/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $28,000/month. The investment is priced at a current 7.5% Cap Rate & 10.5x GRM. Please email for the Financial Analysis/ Executive Summary.
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Home facts
- Year built:2018
- Listing ID #:26637777
- Added:42 day(s) ago
- Updated:February 21, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:15
- Total bathrooms:15
- Living area:4,931 sq. ft.
Heating and cooling
- Cooling:Dual
- Heating:Combination
Structure and exterior
- Year built:2018
- Building area:4,931 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$3,148,888
- Price per sq. ft.:$638.59
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