1237 West 25th Street

Los Angeles, CA 90007

$4,199,000
Price
19
Beds
16
Baths
5,964 Sq. Ft.
$704 / Sq. Ft.
5,964
Sq. Ft.
$704
per Sq. Ft.

Description

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 5,964 rentable square feet across two distinct structures, the front structure was completely rebuilt in 2023, and...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 5,964 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.)
  1. Listed by Adam Shamooelian • DRE #02116849 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1237 West 25th Street

Zoning
LARD1.5
Parcel Number
5055016006
Total Units
4.0
Living Area
5964
Source Living Area
Builder
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
5871
LISTING UPDATED: 11/25/2024 02:30 PM

Property Details for 1237 West 25th Street

StatusActive
MLS #24-451439
Days on Market49
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1919
Lot Size0.13 AC / 5,871 SF
CountyLos Angeles County

Building Information for 1237 West 25th Street

Stories2Residences-Year Built1919Building Size-Lot Size0.13 AC / 5,871 SF

Property Information for 1237 West 25th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multi-Family
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $344,100
  • Net Operating Income: $280,787.00
  • Gross Income: $344,100
  • Cap Rate: 6.69%
  • Gross Rent Multiplier: $12.27
  • Total Annual Expense: 63313
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1348
  • Lot Size Square Feet: 5871
  • Lot Size Dimensions: 50x118
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 2
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,025.00
  • Unit Actual Rent: $6,025.00
  • Unit Projected Rent: $6,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,150.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 7
  • Unit Baths: 6
  • Unit Furnished: No
  • Unit Rent: $10,175.00
  • Unit Actual Rent: $10,175.00
  • Unit Projected Rent: $10,875.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 7
  • Unit Baths: 6
  • Unit Furnished: No
  • Unit Rent: $10,175.00
  • Unit Actual Rent: $10,175.00
  • Unit Projected Rent: $10,875.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $178,500.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $714,000.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $892,500.00

Property History for 1237 West 25th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1237 West 25th Street

Taxable ValueLand$2,500,000Additions$1,205,000Total$3,705,000
Tax Record2024$44,725 ($3,727 / month)
Home Facts
Beds2Total Finished SqFt1,224 SqFtAbove Grade Finished SqFt1,224 SqFtLot Size5,871 SqFtStyleSingle Family ResidenceYear Built1919ZoningLARD1.5CountyLOS ANGELESAPN5055-016-006

Schools near 1237 West 25th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Norwood Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1237 West 25th Street is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on October 14, 2024 by Keller Williams Beverly Hills, it's currently listed at $4,199,000. It has been on the market for a total of 49 days and was last sold on November 15, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Norwood Street Elementary School, John Adams Middle School and West Adams Preparatory High School. 1237 West 25th Street is a 19-bed, 16-bath, 5,964 sqft multi-family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.