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1256 W Adams Blvd

Los Angeles, CA 90007
  • $4,125,000
  • STATUS: Active
  • ON SITE: 9 days
  • MLS #: 21-747364
UPDATED: 59 min ago
$4,125,000
  • 15
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,103
    SQFT
  • $808
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1902
County:

School Ratings & Info

Description

We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TVs, washer & dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. 1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T16:42:40.763. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.desertarealuxuryhomes.com/homes/118101083
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1256 W Adams Blvd Los Angeles, CA 90007

  • Price: $4,125,000
  • Status: Active
  • Updated: 59 min ago
  • MLS #: 21-747364
15
Beds
0
Baths
0
½ Baths
0.17
Acres
5,103
SQFT
$808
$/SQFT
1902
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TVs, washer & dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. 1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers.
Exterior Features

Lot Size Area 6446 Other Structures None Parking Garage Assigned Total Parking 6

Interior Features

Baths Total 11.00 Cooling Wall Unit(S)Air Conditioning Equipment BarbequeDishwasherDryerGarbage DisposalFreezerIce MakerMicrowaveWasherRefrigeratorRange/Oven Heating Other

Property Features

Assessed Total Value 1559504 Gross Income 306000 Gross Operating Income 306000 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 247300.00 Number Of Buildings 3 Number Of Units 3 Sale Type Standard Source Living Area Developer Source Lot Size Area Appraiser Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 58700 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Davis Saadian DRE#01921748 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T16:42:40.763. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Sandi Phillips Team | Compass
74199 El Paseo, Suite 200
Palm Desert CA, 92260