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1409 W. 25th Street,
Los Angeles , California 90007

$1,375,000
1409 W. 25th Street, Los Angeles 90007

Property Details

Beds8 Baths8 Garage0
Bldg Size2 sq. ft

Property Description

We are pleased to offer the opportunity to acquire this turn-key, 8 Bedroom + 8 Bathroom Student Housing investment, blocks to the University of Southern California (USC). This duplex was completely updated and remodeled in 2019, and features brand new hardwood floors, updated copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, wall-mounted flat screen televisions, and new in-unit washer & dryers. The investment is 100% occupied with USC students and fully leased for the 2021-2022 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 investment that is poised for continued growth and excellent operating fundamentals. The property is currently master leased to Tripalink with one (1) remaining year with a 3% annual increase. The master lease provides a future owner with minimal landlord responsibilities. With the current rents below market, an investor will have the option to lease the bedrooms at a much higher rate after the master lease expires in 1 year.

Property Status: For Sale

Location

1409 W. 25th Street, Los Angeles , California 90007

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