1269 W 36th St, Los Angeles, CA 90007
1269 W 36th St, Los Angeles, CA 90007
1269 W 36th St, Los Angeles, CA 90007
1269 W 36th St, Los Angeles, CA 90007
1269 W 36th St, Los Angeles, CA 90007
1269 W 36th St, Los Angeles, CA 90007
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$ 3,099,000
Est. payment | /mo

16 Beds

16 Baths

5,298 SqFt


Save
$ 3,099,000
Est. payment | /mo
Save

16 Beds

16 Baths

5,298 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,298 sqft

Price per Sqft $584

MLS Listing ID 26986719

Bedrooms 16

Construction Status New Construction

Year Built 2024

Lot Size 5,219 Sqft

Acres 0.1198

Property Sub-Type Multi-Family

Property Description

We are pleased to present 1269 W 36th St, a newer constructed 16-bed student housing asset built in 2024, located just west of USC's University Park Campus within the USC Department of Public Safety (DPS) Patrol Zone. The property features five units, with mostly two- and three-bedroom floor plans designed to appeal to recent student leasing demand for less roommates. The property is offered at a 6.48% CAP rate and 11.71 GRM on in-place income, with a projected 9.40% CAP rate and 8.72 GRM at market rents, providing meaningful embedded upside. Fully leased for the Fall 2026 semester with every bed secured through late July 2027, the property offers stabilized cash flow and minimal near-term lease-up risk. Three of the five units are master leased, providing a more hands-off ownership experience with utilities and day-to-day management shifted to the master tenant. Located within walking distance of USC, less than one mile from USC Village, and near the Expo/Vermont Metro station, the property benefits from strong and durable student housing demand. The property also qualifies for 100% bonus depreciation under the One Big Beautiful Bill Act, offering potential tax advantages and an opportunity for cost segregation. The offering represents a turnkey opportunity to acquire 2024 construction student housing with stable income, built-in rental upside, and a prime USC location.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Fireplaces Type None

Equipment Built-Ins, Dryer, Dishwasher, Microwave, Refrigerator, Solar Panels, Washer

Exterior

Parking Features Driveway

Garage Spaces 4.0

Pool None

Waterfront Description None

Building

Lot Description Fenced, Exterior Security Lights

Story 3

Level or Stories Multi/Split

Construction Status New Construction

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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1269 W 36th St