CA > Los Angeles
Los Angeles, CA 90007,1259 W 36th Pl
Los Angeles, CA 90007,1259 W 36th Pl
Los Angeles, CA 90007,1259 W 36th Pl
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$3,315,000
Est. payment /mo
15 Beds
15 Baths
4,931 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,931 sqft

Price per Sqft $672

MLS Listing ID 25600047

Bedrooms 15

Year Built 2018

Lot Size 7,217 Sqft

Acres 0.1656

Property Sub-Type Multi-Family

Property Description

We are pleased to offer the opportunity to acquire this brand-new construction, five (5) unit, 15-bedroom, student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This turnkey, new construction investment features brand new fully furnished bedrooms, brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, new copper plumbing, double pane windows, and individually metered for all utilities: gas, electricity, & water. The building is approximately 4,931 rentable square feet on a 7,217 square foot lot, consisting of (5) 3-bedroom + 3-bathroom units. Units are spacious with beautiful layouts. 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 investment is 100% occupied with USC students, and fully leased for the 2025-2026 year, with a gross income of $24,937/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $28,000/month. The investment is priced at a current 7.1% Cap Rate & 11x GRM. Email for the Executive Summary/ Financial Analysis.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other, Combination

Cooling Dual, Air Conditioning, Other

Flooring Engineered Hardwood

Equipment Dishwasher, Dryer, Washer, Other, Freezer, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Hood Fan, Garbage Disposal, Vented Exhaust Fan

Exterior

Parking Features Gated, Private

Garage Spaces 4.0

Building

Story 3

Level or Stories Three Or More

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Hollywood Hills

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Kirshner Elkin Properties

+1(424) 214-0133

hello@kirshnerelkinproperties.com

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