1256 West Adams Boulevard
1256 West Adams Boulevard
$3,995,000
15
13
5,103
5,103
$783
Description
We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of two (2) brand new construction homes(2020) + one (1) fully remodeled house. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. 1256 W. Adams Blvd. is comprised of an updated and fully remodeled 9-bedroom + 7-bathroom house. This three story beauty offers classic wood floors, a huge living room and dining area, perfect for communal...We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of two (2) brand new construction homes(2020) + one (1) fully remodeled house. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. 1256 W. Adams Blvd. is comprised of an updated and fully remodeled 9-bedroom + 7-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 TV's, washer & dryer, an outdoor common area with a barbecue grill and hot tub. 1258 & 1260 W. Adams Blvd. are newly constructed in 2020(non-rent control) and consist of two spacious 3-bedroom + 3-bathroom houses. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers with glass enclosures, wall-mounted flat screen televisions and USB charging ports. In addition, there is a Value-Add Opportunity to convert the garages into 1-bedroom units (Buyer to Verify). 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. This investment presents an excellent opportunity for an investor to acquire a unique premier student housing portfolio in the attractive USC submarket that will provide exponential returns. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. 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 continued excellent operating fundamentals.
- Listed by Adam Shamooelian • DRE #02116849 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 1256 West Adams Boulevard
Zoning
LAR4
Parcel Number5055014031
Total Units3.0
Living Area5103
Source Living AreaDeveloper
AreaMid Los Angeles (C16)
Vacancy Rate0
Lot Size Area6726
Location
LISTING UPDATED: 05/09/2024 12:01 AM
Property Details for 1256 West Adams Boulevard
Status | Active |
---|---|
MLS # | 24-386689 |
Days on Market | 23 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2020 |
Lot Size | 0.15 AC / 6,726 SF |
County | Los Angeles County |
Location
Building Information for 1256 West Adams Boulevard
Stories3Residences-Year Built2020Building Size-Lot Size0.15 AC / 6,726 SF
Payment Calculator
$23,240 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1256 West Adams Boulevard
Property History for 1256 West Adams Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1256 West Adams Boulevard
Taxable ValueLand$999,600Additions$428,400Total$1,428,000
Tax Record2023$17,253 ($1,438 / month)
Home Facts
Beds0Lot Size3,996 SqFtStyleSingle Family ResidenceZoningLAR4CountyLOS ANGELESAPN5055-014-031
Schools near 1256 West Adams Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Vermont Avenue Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Manual Arts Senior High School Public9 to 12 | ||
Alliance Gertz-Ressler Richard Merkin 6-12 Complex Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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