$4,495,000

Estimated payment $25,826/month

Total Views 1,836
30 Beds
33 Baths
9,944 Sq Ft
$452 Price per Sq Ft

About This Home

We are pleased to present an exceptional investment opportunity: a brand-new ground-up construction student housing property located just steps away from the University of Southern California (USC) and within the DPS Patrol Zone. Completed in 2025, this thoughtfully designed asset features a total of 30 oversized bedrooms and 33 bathrooms, with each bedroom offering a private en-suite bathroom and closet. Priced at $4,495,000, or just under $150,000 per bed and $452 per square foot, the property delivers strong returns with a 8.19% cap rate (which already accounts for an 8% professional property management fee) and is ideally positioned for long-term stability and growth. Spanning two distinct four-story structures and separated into three units, each with ten bedrooms, the design prioritizes space and comfort. Every unit features a large open-concept kitchen, generous dining and living areas, a convenient powder room, and two sets of washer and dryers, creating a welcoming and functional environment for tenants. The 10-foot ceilings, premium finishes, and spacious layouts not only set the property apart from comparable student rentals but also make it easier to lease year after year. The elevated design enhances tenant satisfaction and broadens appeal for both rent-by-the-room and rent-by-the-bed strategiesideal for USC students or co-living and transitional housing models. Located just a short walk from USC and less than half a mile from the Expo/Vermont E Line Metro Station, the property offers tenants seamless access to Downtown LA, and cultural landmarks such as the LA Coliseum, BMO Stadium, California Science Center, Natural History Museum, and the upcoming Lucas Museum of Narrative Art. With the 2028 Olympics on the horizon and consistent demand from the USC student body, this newly built asset represents a rare opportunity to acquire a low-maintenance, high-capacity rental property in one of Los Angeles' most robust and resilient submarkets. *The property is currently vacant, as the sellers were awaiting the issuance of the Certificate of Occupancy prior to initiating any leasing activity.

Listing Agent

Adam Shamooelian

Keller Williams Beverly Hills License #02116849 Listed on: 06/26/2025

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,596

Year Built

  • Built in 1905

Lot Details

  • 5,646 Sq Ft Lot

Parking

  • 2 Parking Spaces

Interior Spaces

  • 9,944 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 33 Bathrooms

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5040-007-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,596

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 9944
  • Lot Acreage: 0.1296
  • Stories: 4
  • Year Built: 1905
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 30
  • Total Bathrooms: 33.00
  • Price Per S Q F T: 452.03

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 2

Lot Info

  • Assessed Improvement Percent: 24.20
  • Assessed Improvement Value: 288762
  • Assessed Land Percent: 75.8
  • Assessed Land Value: 904638
  • Total Assessed Value: 1193400
  • Assessor Parcel Number: 5040-007-008
  • Lot Size Area: 5646

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 8.92
  • Number Of Units: 3
  • Total Annual Expense: 120818
  • Type Of Units: Multi-Family
  • Vacancy Rate: 100

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 $14,596 $2,256,730 $922,730 $1,334,000
2024 $14,596 $1,193,400 $904,638 $288,762
2023 $594 $32,922 $23,530 $9,392
2022 $576 $32,277 $23,069 $9,208
2021 $557 $31,645 $22,617 $9,028
2019 $543 $30,709 $21,948 $8,761
2018 $486 $30,108 $21,518 $8,590
2017 $478 $29,519 $21,097 $8,422
2016 $448 $28,941 $20,684 $8,257
2015 $443 $28,507 $20,374 $8,133
2014 $455 $27,949 $19,975 $7,974
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $4,495,000 +284.2% $452 / Sq Ft
05/22/2023 05/22/23 Sold $1,170,000 0.0% $760 / Sq Ft
03/29/2023 03/29/23 Pending -- -- --
03/28/2023 03/28/23 Off Market $1,170,000 -- --
03/16/2023 03/16/23 For Sale $1,250,500 -- $813 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,170,000 Socal Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 New Conventional
Previous Owner $915,000 Reverse Mortgage Home Equity Conversion Mortgage
Closed $0 Purchase Money Mortgage
Source: Public Records

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Source: The MLS

MLS Number: 25557335

The MLS

APN: 5040-007-008