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1256, 1258 & 1260 W. Adams Blvd,
Los Angeles, California 90007

$4,075,000
1256, 1258 & 1260 W. Adams Blvd, Los Angeles 90007
1256, 1258 & 1260 W. Adams Blvd, Los Angeles 90007

Property Details

Beds0 Baths0 Garage0

Property Description

The Saadian Investment Group is pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity.

1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TV’s, washer & dryer, an outdoor common area with a barbeque grill and 6-8 person hot tub. This house is currently rented for $14,500/month.

1258 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers with glass enclosures, wall-mounted flat screen televisions and USB charging ports. This house is currently rented for $5,500/month

1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers with glass enclosures, wall-mounted flat screen televisions and USB charging ports. This house is currently rented for $5,500/month.

This investment presents an excellent opportunity for an investor to acquire a unique premier student housing portfolio in the attractive USC submarket that will provide exponential returns. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low risk investment that is poised for continued growth and continued excellent operating fundamentals.

Property Status: For Sale

Location

1256, 1258 & 1260 W. Adams Blvd, Los Angeles, California 90007

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