2310 Ellendale Place, 1386-88 W. 23rd Street, 1289 W. 24th St, 2131 Oak St, 915 W. 23rd St., 2121 Portland St., 1426 W. 24th St., 1385 W. 22nd St., 1116-1118 W. 30th St.
Southern California Historic Renovated Student Housing Portfolio. Developer must sell. Seven Properties in unique locations in close proximity to USC Campus in Los Angeles. Biking close and on or near USC tram stops. These seven properties feature 80 bedrooms and can house over 120-140 students in completely renovated, fully rehabilitated and lovingly restored Victorians, Craftsmen, Row Houses, and brand new construction. Each property is unique but all have one thing in common. They house 100% students of USC.
Each year in August, USC students face a difficult housing market. The University can house only 20% of the students in school sponsored dorms or sponsored off campus housing. Most students require close proximity to campus and safe quarters in private housing options. The private SC off campus housing market has been in place for many years. For many years rents have continued to climb while more and more units have become available to the market due to the transition of units from local tenants to student tenants. Each year the campus population has grown while SC’s reputation as a private institution has grown. Tuition and fees are estimated annually at over 50K per student. Housing students will pay up to $1,500 per month for a year round contracted leases. Our monthly rents in this portfolio average less than $807 per student single occupancy. The documented current lease rents throughout this portfolio are at a 6.2% cap at the current list price of $9,635,000. This includes an increase in property taxes due to sale. Approximately 2.5 mil dollars of existing financing at less than 6.5% must be assumed.
This is a can’t miss deal for the astute investor with strong property management skills.
Please contact Michael Fukushima of Total Investment Real Estate Brokers for more information. Mr Fukushima has closed over 60 transactions in the USC area in the last 6 years.
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656 - 662 Kelton Avenue
TWO PARCELS COMBINED LOT AREA 16,116’
ZONED R4-1VL
115’ FRONTAGE ON KELTON
APN’s 4363-014-008 4363-014-009
EAST OF VETERAN AVENUE & NORTH OF STRATHMORE DRIVE
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1155 West 24th Street
Another Prime 6.4% cap SC investment. On a wide street just north of campus, this Victorian style duplex was originally built in 1907 and 1925. Recently refurbished lovingly by a professional developer, it now features 100% students in a 6 bedroom 4 bath ground floor and a 2 bedroom, one bath upstairs unit. Upgraded with copper plumbing and new electrical, an extra bathroom was added downstairs while the all the baths and kitchens were undergoing dramatic renovation. Features new cabinets and built in microwave, 2 refrigerators, a dishwasher and both units feature a washer and dryer. Lots of parking in 4 carports, 1 garage and 3 additional spaces behind security fence. Do not disturb tenants.
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4434 West 135th
NON-RENT CONTROL!!! Clean well-maintained building with an excellent unit mix, 5 two bedroom/ two bathroom, 21 one bedroom/one bathroom and one non-conforming single unit. The subject property is located in Prime Hawthorne, situated in a quiet residential neighborhood in the heart of the South Bay. The building has garage parking and a swimming pool. The units are spacious with functional floor plans.
DO NOT DISTURB TENANTS - SELLER WILL DISQUALIFY THOSE WHO DO NOT COMPLY!!!
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2529 W. 4th Street, Los Angeles, CA 90057
20 Units For Sale!!! Subject property is located on 4th street and Corondo St. Which is two blocks east of Rampart Blvd and one block west of S Grand View St. Subject property is situated on a very clean street. Building of wood frame and stucco exterior. First time on the Market in over 20 years! A cant miss opportunity in a market saturated with unreasonable prices!!! DRIVE BY ONLY!!! DO NOT DISTURB TENANTS!!!
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1111 Corporate Center Drive #305
Los Angeles, CA 91754
-Inside a beautiful building on the third floor!
-Two very clean offices totally approx, 2,000 SF-Perfect for an owner-user to buy and run business right in the heart of Monterey Park Business District.
-6 different perimeter offices within each condo with a large open space for meetings.
-Ample parking on premises around the building!
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2507 W. 4th Street
Los Angeles, CA 90057
7 Units For Sale!!! Subject property is located on 4th street and Carondelet St. Which is two blocks east of Rampart Blvd and one block west of S Grand View St. Subject property is situated on a very clean street. Building of wood frame and stucco exterior. Located in close proximity to Downtown Los Angeles, Koreatown and Mcarther Park!! A can't miss opportunity in a market saturated with unreasonable prices!!! Unit 6 Owner pays for gas and Electricity.Units 2 and 5 just gas. DRIVE BY ONLY!!! DO NOT DISTURB TENANTS!!!
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