1219 West 25th Street

Los Angeles, CA 90007

$2,950,000
Last Sold Price
12
Beds
10
Baths
4,246 Sq. Ft.
$695 / Sq. Ft.
4,246
Sq. Ft.
$695
per Sq. Ft.

Description

We are pleased to offer the opportunity to acquire this High Yield 6.15% Cap turnkey fully furnished four (4) unit, twelve (12) bedroom + ten (10) 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 4,246 rentable square feet and is comprised of two (2) separate structures. The front structure was completely remodeled in 2022, and features brand new hardwood...We are pleased to offer the opportunity to acquire this High Yield 6.15% Cap turnkey fully furnished four (4) unit, twelve (12) bedroom + ten (10) 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 4,246 rentable square feet and is comprised of two (2) separate structures. The front structure was completely remodeled in 2022, and features brand new hardwood floors, updated copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers, and new in-unit washer & dryers. The front duplex's scope of work included a complete to-the-studs renovation, with brand new framing, copper plumbing, foundation and roofing, essentially delivering a brand new low maintenance structure to any prospective buyer. The two brand new fully permitted units in the rear are slated to be completed by the end of April, featuring the same high-end finishes as the front structure as well as a magnificent rooftop deck. Please email for Offering Memorandum.
  1. Listed by Adam Shamooelian • DRE #02116849 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1219 West 25th Street

Zoning
LARD1.5
Parcel Number
5055016004
Total Units
4.0
Living Area
4246
Source Living Area
Owner
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
5872

Location

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Sold By Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Add your commute
LISTING UPDATED: 08/19/2022 01:14 PM

Property Details for 1219 West 25th Street

StatusSold
MLS #22-145339
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1895
Lot Size0.13 AC / 5,872 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Sold By Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Add your commute

Building Information for 1219 West 25th Street

Stories2Residences-Year Built1895Building Size-Lot Size0.13 AC / 5,872 SF

Payment Calculator

$19,085 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,099

Property Taxes

$2,986

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1219 West 25th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Income
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $230,400
  • Net Operating Income: $190,700.00
  • Gross Income: $230,400
  • Cap Rate: 6.15%
  • Gross Rent Multiplier: $13.45
  • Total Annual Expense: 39700
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1348
  • Lot Size Square Feet: 5872
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 2
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-11-2022
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $4,800.00
  • Unit Actual Rent: $4,800.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $4,800.00
  • Unit Actual Rent: $4,800.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: Yes
  • Unit Rent: $4,800.00
  • Unit Actual Rent: $4,800.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: Yes
  • Unit Rent: $4,800.00
  • Unit Actual Rent: $4,800.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $64,379.00
  • Assessed Improvement Percent: 12.5
  • Assessed Land Value: $450,710.00
  • Assessed Land Percent: 87.5
  • Assessed Total Value: $515,089.00

Property History for 1219 West 25th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1219 West 25th Street

Taxable ValueLand$1,770,000Additions$1,180,000Total$2,950,000
Tax Record2023$35,831 ($2,986 / month)
Home Facts
Total Finished SqFt2,396 SqFtAbove Grade Finished SqFt2,396 SqFtLot Size5,872 SqFtStyleMulti-Family Res (5+ Units)Year Built1895ZoningLARD1.5CountyLOS ANGELESAPN5055-016-004

Schools near 1219 West 25th Street

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
Norwood Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

West Adams Preparatory High School
Public9 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.