1256 West Adams Boulevard

Los Angeles, CA 90007

$4,250,000
Price
15
Beds
11
Baths
5,103 Sq. Ft.
$833 / Sq. Ft.
5,103
Sq. Ft.
$833
per Sq. Ft.

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...

Property Details for 1256 West Adams Boulevard

Year Built Numeric
2020

Location

Listing Courtesy of BRC Advisors- BH, Davis Saadian, DRE #01921748

Property Details for 1256 West Adams Boulevard

StatusActive
MLS #21-715478
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2020
Lot Size0.15 AC / 6,446 SF
CountyLos Angeles County

Contact a Compass agent

Location

Listing Courtesy of BRC Advisors- BH, Davis Saadian, DRE #01921748

Building Information for 1256 West Adams Boulevard

Stories3Residences-Year Built2020Building Size-Lot Size0.15 AC / 6,446 SF

Payment Calculator

$14,243 per month

30 year fixed, 2.95% Interest

Principal and Interest

$14,243

Property Taxes

HOA Dues

$0

Property Information for 1256 West Adams Boulevard

Summary
    Location and General Information
  • Directions: 1256, 1258, & 1260 W. Adams Blvd, LA 90007.
  • Year Built Source: Builder
  • View Description: City
  • View: Yes
  • City: Los Angeles
  • Zip Code: 90007
  • County Or Parish: Los Angeles
  • Street Number Numeric: 1256
  • Street Direction Prefix: W
  • Street Name: Adams
  • State: CA
    Parking
  • Parking Garage: Assigned
  • Total Parking: 10
Property
    Property and Assessments
  • Assessor Parcel Number: UNAVAILABLE
  • Disclosures: As Is
  • Source Living Area: Builder
  • Source Lot Size Area: Builder
  • Number Of Photos: 25
    Lot Information
  • Area: Mid Los Angeles (C16)
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 5103
  • Lot Size Area: 6446
    Utilities
  • Laundry: In Unit
Interior and Exterior Features
    Interior Features
  • Baths Total: 11.0
  • Cooling: Wall Unit(s)
  • Equipment: Range/Oven, Refrigerator, Trash Compactor, Washer, Garbage Disposal, Freezer, Dishwasher, Microwave, Dryer
  • Flooring: Wood
  • Heating: None
  • Number Of Stories: 3
  • Beds Total: 15
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Income: $306,000
  • Gross Operating Income: $299,880
  • Net Operating Income: $233,729.00
  • Total Annual Expense: 66151
    Unit Information
  • Type Of Units: Students
  • Unit Type Type: 2106, 2107, 2108
    Unit 1 Information
  • Unit Beds1: 9
  • Unit Baths1: 5
  • Unit Projected Rent1: $16,500.00
  • Unit Actual Rent1: $14,500.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $14,500.00
    Unit 2 Information
  • Unit Projected Rent2: $6,500.00
  • Unit Furnished2: No
  • Like Units2: 1
  • Unit Rent2: $5,500.00
  • Unit Beds2: 3
  • Unit Baths2: 3
  • Unit Actual Rent2: $5,500.00
    Unit 3 Information
  • Unit Beds3: 3
  • Unit Baths3: 3
  • Unit Actual Rent3: $5,500.00
  • Like Units3: 1
  • Unit Projected Rent3: $6,500.00
  • Unit Rent3: $5,500.00
  • Unit Furnished3: No
Rental
    Rental Information
  • Vacancy Rate: 0
  • Gross Rent Multiplier: $13.89
  • Number Of Buildings: 3
  • Number Of Units: 3

Property History for 1256 West Adams Boulevard

DateEvent & SourcePriceAppreciation
Apr 6, 2021

Listed (Active)

CRMLS #21715478

$4,250,000
Apr 6, 2021

Listed (Active)

CLAW #21-715478

$4,250,000
Apr 2, 2015

Sold (Public Record)

Public Record #491200205

$1,215,000
DateEvent & SourcePrice
04/06/2021

Listed (Active)

CRMLS #21715478

$4,250,000
04/06/2021

Listed (Active)

CLAW #21-715478

$4,250,000
04/02/2015

Sold (Public Record)

Public Record #491200205

$1,215,000

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$840,686Additions$718,818Total$1,559,504
Tax Record2020$19,049 ($1,587 / month)
Home Facts
Beds8Total Finished SqFt2,952 SqFtAbove Grade Finished SqFt2,952 SqFtStories2Lot Size7,290 SqFtStyleSingle Family ResidenceYear Built1902Year Renovated1945ZoningLAR4CountyLOS ANGELESAPN5055014003

Schools near 1256 West Adams Boulevard


SchoolTypeGradesDistanceRating
Divine Providence Day Nursery And KindergartenPrivateK0.2 mi
NR
St. Agnes Parish SchoolPrivateK-80.3 mi
NR
Vermont Avenue Elementary SchoolPublicK-50.3 mi
5
Alliance Gertz-Ressler Richard Merkin 6-12 ComplexCharter6-120.4 mi
7

Divine Providence Day Nursery And Kindergarten

K, 0.2 mi, Private

NR

St. Agnes Parish School

K-8, 0.3 mi, Private

NR

Vermont Avenue Elementary School

K-5, 0.3 mi, Public

5

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

6-12, 0.4 mi, Charter

7

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.

Similar Homes

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Similar Sold Homes

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1256 West Adams Boulevard is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on April 6, 2021 by BRC Advisors- BH at $4,250,000. It has been on the market for a total of 31 days and was last sold on April 3, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Divine Providence Day Nursery And Kindergarten, St. Agnes Parish School and Vermont Avenue Elementary School. 1256 West Adams Boulevard is a 15-bed, 11-bath, 5,103 sqft multi-family home built in 2020. This address can also be written as 1256 W Adams Blvd.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of BRC Advisors- BH, Davis Saadian, DRE #01921748

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.