tomo logo

$4,199,000

Beds
19
sq ft
6,500

1237 W 25th St, Los Angeles, CA 90007

1237 W 25th St

Los Angeles, CA 90007

  • 36 days on market
We are pleased to present an exceptional investment opportunity: a newly constructed, fully furnished four-unit student housing property with a remarkable 6.69% 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 6,500 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 investment that is poised for continued growth and excellent operating fundamentals. Tenants pay for all utilities of the property including Water/Gas/Electric/Trash. (Monthly management fee of $2,007.25 is not included in the cap rate as potential buyers can self-manage at the expiration of leases.)

Details

Property type

Est. home value

$3,952,875

Lot size

5,871 sq ft

Price per sq ft

$646

Year built

1919

HOA

No

Price History

10/14/2024
CLAW

CLAW #24451439

Listed
$4,199,000
+13.33%
11/15/2023
CLAW

CLAW #23302589

Sold
$3,705,000
+323.43%
06/18/2021
CRMLS

CRMLS #PW21120259

Sold
$875,000

Schools & Community

Neighborhood: 

University Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

October 2023

Original loan amount

$2,225,000

Est. remaining balance

Not provided

Interest rate

6.85%

Loan type

New Conventional, 30 year

Seller

1219 25Th La Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 9:50 AM

Listing updated: 10/22/2024 at 7:20 AM

Listed by: Adam Shamooelian, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24451439

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