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$ 4,095,000
Est. payment | /mo
19 Beds
5,964 SqFt
$ 4,095,000
Est. payment | /mo
19 Beds
5,964 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 5,964 sqft
Price per Sqft $686
MLS Listing ID CL25519533
Bedrooms 19
HOA Y/N No
Year Built 1919
Lot Size 5,871 Sqft
Acres 0.13
Property Sub-Type OTHER
Property Description
$100,000+ Price Reduction! We are pleased to present an exceptional investment opportunity: a newly constructed, fully furnished four-unit student housing property with a remarkable 6.89% cap rate. This property features a total of nineteen bedrooms and sixteen bathrooms, situated in the sought-after DPS Patrol Zone and just a short walk from the University of Southern California (USC). Spanning approximately 5,964 rentable square feet across two distinct structures, the front structure was completely rebuilt in 2023, and features brand new flooring, plumbing, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. Additionally, the front duplex's scope of work included a complete to-the-studs reconstruction, with brand new framing, foundation and roofing, essentially delivering a brand-new low maintenance structure to any prospective buyer. The back duplex was recently constructed and completed in 2023 and features the same high-end finishes as the front unit. The investment is 100% occupied with USC students and fully leased for the 2024-2025 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 inve
Location
State CA
County Los Angeles
Zoning LARD
Interior
Fireplace No
Exterior
Total Parking Spaces 2
Building
New Construction No
Others
Tax ID 5055016006
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Listed by Adam Shamooelian • Keller Williams Beverly Hills
9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States