1325 West Adams Boulevard
1325 West Adams Boulevard
$2,803,000
14
7
4,725
4,725
$593
Sold 7/10/23
Description
We are pleased to offer the opportunity to acquire this high yield 7.65% Cap furnished three (3) unit, 12 bedroom + 5.5 bathroom house + two (2) studio 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 4,725 rentable square feet on an oversized 10,324 square foot lot. The property has two (2) separate structures, with a unit mix of a large Single Family Residence...We are pleased to offer the opportunity to acquire this high yield 7.65% Cap furnished three (3) unit, 12 bedroom + 5.5 bathroom house + two (2) studio 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 4,725 rentable square feet on an oversized 10,324 square foot lot. The property has two (2) separate structures, with a unit mix of a large Single Family Residence comprised of fully permitted 12 bedrooms & 5.5 bathrooms. As well as an additional structure in the rear consisting of 2 studio units (1 studio non-conforming). The main house was remodeled in 2019, with brand new flooring, updated electrical, and an in-unit washer & dryer. The two studio units have recently been completed 2021, featuring brand new kitchenettes & appliances in addition to being fully furnished. The investment is 100% occupied with USC students and fully leased for the 2022-2023 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 lease investment that is poised for continued growth and excellent operating fundamentals. The property is currently grossing $19,950 per month with the tenants paying for the utilities including Water/Gas/Electric. In addition, this property has the benefit of substantially reduced property taxes as the property is under the Mill's Act (current owner paying $9,001 annually in property tax).
- Listed by Adam Shamooelian • DRE #02116849 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 1325 West Adams Boulevard
Zoning
LARD1.5
Parcel Number5055004003
Total Units3.0
Living Area4725
Source Living AreaOwner
AreaMid Los Angeles (C16)
Vacancy Rate0
Lot Size Area10324
Location
LISTING UPDATED: 07/14/2023 12:28 PM
Property Details for 1325 West Adams Boulevard
Status | Sold |
---|---|
MLS # | 23-264121 |
Days on Market | 55 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1899 |
Lot Size | 0.24 AC / 10,324 SF |
County | Los Angeles County |
Location
Building Information for 1325 West Adams Boulevard
Stories2Residences-Year Built1899Building Size-Lot Size0.24 AC / 10,324 SF
Payment Calculator
$16,067 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1325 West Adams Boulevard
Property History for 1325 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 1325 West Adams Boulevard
Taxable ValueLand$550,000Additions$154,200Total$704,200
Tax Record2023$9,237 ($770 / month)
Home Facts
Beds7Total Finished SqFt4,225 SqFtAbove Grade Finished SqFt4,225 SqFtStories2Lot Size10,324 SqFtStyleSingle Family ResidenceYear Built1899ZoningLARD1.5CountyLOS ANGELESAPN5055-004-003
Schools near 1325 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 | ||
West Adams Preparatory 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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