1286 39th Place, Los Angeles
Los Angeles Home For Sale
We are pleased to offer the opportunity to acquire this 5-bedroom + 5-bathroom co-living/ student housing investment, located just blocks to the University of Southern California (USC). The property has been completely updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, and in-unit washer & dryer. The building is approximately 1,400 rentable SF on a 2,117 SF lot, and will be delivered vacant upon the close of escrow. Over the past 5 years, the property has been rented out to USC students for approximately $1,500 per bedroom (single room occupancy), with a scheduled gross income of $7,500/month - Priced at a 8.25% cap rate. Each suite has its own spacious bedroom with their own private bathroom, excellent for student housing, assisted living, and sober living investments.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90037
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- MLS® #:
- 24404067
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- Bedrooms:
- 5
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- Bathrooms:
- 5
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- Square Ft:
- 1,384
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- Lot Size:
- 0.05
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- Levels:
- One
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of August 13th, 2024 at 9:16am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.