Description

The Shamooelian Real Estate Group is pleased to offer the opportunity to acquire this high yield 6.26% Cap fully furnished four (4) unit, 13 bedroom + 10.5 bathroom Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property is approximately 5,446 rentable square feet on an oversized 10,661 square foot lot. The property is comprised of three (3) separate structures, with a unit mix of a large duplex comprising of one 5-bedroom + 4-baths, and one 4-bedroom + 3.5-bath unit. As well as an additional two separate brand new construction units with the mix of 2 bedroom 2 baths as well as a 2 bedroom 1 bath. The main duplex was completely remodeled in 2014, with a brand new foundation, an updated roof, updated electrical/plumbing, and in-unit washer & dryers. The two brand new fully permitted units have recently been completed, featuring stainless steel appliances, quartz countertops, and high end finishes throughout the units. The property will gross $19,480 monthly starting in the month of August, with upside in rents with one below market tenant and plenty of additional space. Tenants pay for all utilities of the property including Water/Gas/Electric/Trash.