::. Total Investment Real Estate Brokers .::

Home | Log In | Register | Help

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.

Total Investment Real Estate Brokers is a brokerage that participates in the acquisition, sale, and leasing of commercial properties. Our expertise resides in a diversity of projects including the sale and leasing of multi-family, office, hotel, retail and industrial properties, and raw land.

We have earned an excellent reputation for locating investment opportunities on behalf of a broad range of investors using a well-established and sophisticated referral system. Before a property is designated as a potential acquisition target, our highly skilled team of real estate professionals conducts a thorough investment analysis. Our in-depth, due diligence helps determine whether the acquisition will be a profit-producing venture. Only then do we make a recommendation to our clients.

For those investors who own property and wish to show a greater return, we conduct a property analysis to determine alternatives for increasing cash on cash returns by decreasing operating costs, increasing efficiencies and applying economies of scale. The result is a recommendation that has the most potential for realizing a return commensurate with out clients' objectives.

Total Investment Real Estate Brokers represents clients from small neighborhood banks and individuals to groups of investors and major corporations both domestic and foreign.

Regardless of size, our priorities remain the same - to identify opportunities, invest wisely, reduce costs and enhance value while meeting the long-term goals and expectations of our clients.