$3,850,000

Estimated payment $24,664/month

Total Views 1,794
19 Beds
16 Baths
6,500 Sq Ft
$592 Price per Sq Ft

About This Home

350K Price Reduction! We are pleased to present an exceptional investment opportunity: a newly constructed, fully furnished four-unit student housing property with a remarkable 7.40% 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.)

Listing Agent

Adam Shamooelian

Keller Williams Beverly Hills License #02116849 Listed on: 06/18/2025

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $44,725

Year Built

  • Built in 1919

Lot Details

  • 5,871 Sq Ft Lot
  • Lot Dimensions are 50x118

Parking

  • 2 Parking Spaces

Home Design

  • Split Level Home

Interior Spaces

  • 6,500 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 16 Bathrooms

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5055-016-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$44,725

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 6500
  • Lot Acreage: 0.1348
  • Lot Dimensions: 50x118
  • Stories: 2
  • Year Built: 1919
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Total Bathrooms: 16.00
  • Price Per S Q F T: 592.31

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 2

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 178500
  • Assessed Land Percent: 80
  • Assessed Land Value: 714000
  • Total Assessed Value: 892500
  • Assessor Parcel Number: 5055-016-006
  • Lot Size Area: 5871

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.25
  • Number Of Units: 4
  • Total Annual Expense: 59125
  • Type Of Units: Multi-Family
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $44,725 $3,779,100 $2,550,000 $1,229,100
2024 $44,725 $3,705,000 $2,500,000 $1,205,000
2023 $11,199 $910,350 $728,280 $182,070
2022 $10,682 $892,500 $714,000 $178,500
2021 $587 $34,129 $23,291 $10,838
2020 $587 $33,780 $23,053 $10,727
2019 $573 $33,118 $22,601 $10,517
2018 $509 $32,469 $22,158 $10,311
2016 $475 $31,210 $21,299 $9,911
2015 $469 $30,743 $20,980 $9,763
2014 $482 $30,142 $20,570 $9,572
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $3,850,000 0.0% $592 / Sq Ft
02/10/2025 02/10/25 Off Market $6,025 -- --
02/04/2025 02/04/25 For Rent -- -- --
10/08/2024 10/08/24 Off Market $6,025 -- --
08/10/2024 08/10/24 For Rent $6,025 0.0% --
11/15/2023 11/15/23 Sold $3,705,000 -7.3% $570 / Sq Ft
10/06/2023 10/06/23 Pending -- -- --
08/21/2023 08/21/23 For Sale $3,995,000 +356.6% $615 / Sq Ft
06/18/2021 06/18/21 Sold $875,000 +10.8% $715 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $790,000 -- $645 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,705,000 Old Republic Title
Grant Deed $875,000 North American Title
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,225,000 New Conventional
Previous Owner $3,600,000 New Conventional
Source: Public Records

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Source: The MLS

MLS Number: 25554291

The MLS

APN: 5055-016-006