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    1409 W 25Th St

    Los Angeles, CA 90007
    • $1,375,000
    • STATUS: Pending
    • ON SITE: 16 days
    • MLS #: 21-724352
    Pending
    UPDATED: 223 min ago
    $1,375,000
    • 8
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,775
      SQFT
    • $495
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1907
    County:

    School Ratings & Info

    Description

    We are pleased to offer the opportunity to acquire this turn-key, 8 Bedroom + 8 Bathroom Student Housing investment, blocks to the University of Southern California (USC). This duplex was completely updated and remodeled in 2019, and features brand new hardwood floors, updated copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, wall-mounted flat screen televisions, and new in-unit washer & dryers. The investment is 100% occupied with USC students and fully leased for the 2021-2022 academic school year. 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 property is currently master leased to Tripalink with one (1) remaining year with a 3% annual increase. The master lease provides a future owner with minimal landlord responsibilities. With the current rents below market, an investor will have the option to lease the bedrooms at a much higher rate after the master lease expires in 1 year.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-13T23:42:28.803. 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/116514543
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    1409 W 25Th St Los Angeles, CA 90007

    • Price: $1,375,000
    • Status: Pending
    • Updated: 223 min ago
    • MLS #: 21-724352
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    2,775
    SQFT
    $495
    $/SQFT
    1907
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    We are pleased to offer the opportunity to acquire this turn-key, 8 Bedroom + 8 Bathroom Student Housing investment, blocks to the University of Southern California (USC). This duplex was completely updated and remodeled in 2019, and features brand new hardwood floors, updated copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, wall-mounted flat screen televisions, and new in-unit washer & dryers. The investment is 100% occupied with USC students and fully leased for the 2021-2022 academic school year. 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 property is currently master leased to Tripalink with one (1) remaining year with a 3% annual increase. The master lease provides a future owner with minimal landlord responsibilities. With the current rents below market, an investor will have the option to lease the bedrooms at a much higher rate after the master lease expires in 1 year.
    Exterior Features

    Lot Size Area 3040 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 8.00 Cooling Air Conditioning Equipment DishwasherDryerFreezerGarbage DisposalGas Dryer HookupIce MakerRange/OvenRefrigeratorWasher Flooring Hardwood Heating None

    Property Features

    Assessed Total Value 1300000 Gross Income 120000 Gross Operating Income 117600 Like Units1 1 Like Units2 1 Net Operating Income 89415.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 28185 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-13T23:42:28.803. 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