1259 W 36th Pl Los Angeles, CA 90007

This exceptional investment opportunity comprises three brand-new, fully furnished apartment complexes ideally situated near the University of Southern California in Los Angeles, CA 90007. Located in the desirable DPS Patrol Zone, these properties boast 47 bedrooms and 43 bathrooms across 10 three-bedroom/three-bathroom units, 4 four-bedroom/three-bathroom units, and 1 one-bedroom/one-bathroom unit. Each unit features high-end finishes including hardwood floors, stainless steel appliances, quartz countertops, tiled showers with glass enclosures, and in-unit washer/dryers. The buildings benefit from new roofs, copper plumbing, double-pane windows, and individually metered utilities (gas, electricity, and water). Currently 100% occupied with USC students and fully leased for the 2024-2025 academic year, generating a gross monthly income of $78,757, with a potential 15% rent increase. The portfolio sits on a 0.57-acre lot and totals 14,972 square feet. This turnkey investment offers a 6.35% cap rate and a 13x GRM, presenting a low-risk opportunity with excellent operating fundamentals and significant growth potential. The properties are located at 1259 W. 36th Place, 1231 W. 36th Place, and 1370 W. 35th Place, Los Angeles, CA 90007. The asking price is $11,545,000.