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SOLD 8/19/2022

1219 W 25th Street, Los Angeles, CA 90007$2,950,000

12
beds
10
baths
4246
ft2
· 5872
ft2 lot
$730 / ft2

Listing provided courtesy of Listing Broker: Adam Shamooelian, Keller Williams Beverly Hills
Source CRMLS;
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We are pleased to offer the opportunity to acquire this High Yield 6.15% Cap turnkey fully furnished four (4) unit, twelve (12) bedroom + ten (10) 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 4,246 rentable square feet and is comprised of two (2) separate structures. The front structure was completely remodeled in 2022, and features brand new hardwood floors, updated copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers, and new in-unit washer & dryers. The front duplex's scope of work included a complete to-the-studs renovation, with brand new framing, copper plumbing, foundation and roofing, essentially delivering a brand new low maintenance structure to any prospective buyer. The two brand new fully permitted units in the rear are slated to be completed by the end of April, featuring the same high-end finishes as the front structure as well as a magnificent rooftop deck. Please email for Offering Memorandum.

HOA

No HOA

On market

2 months

Year built

1895

Property type

Multi-Family

Parking

2

MLS

22145339

Price / Sq.Ft.

$730 / ft2

Status

Closed

Buyer’s Brokerage Commission

2%

Home details for 1219 W 25th Street

Interior Features & Layout
Heating & Cooling
•   
Cooling Details: Central Air
Interior Size
•   
Building Area Total: 4246.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
Building Info
•   
Zoning: LARD1.5
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Lot Info
•   
Lot Size Acres: 0.1348
•   
Lot Size Area: 5872.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 230400.00
•   
Vacancy Allowance Rate: 0.00
•   
Cap Rate: 6.15
•   
Total Expenses: 39700.00
•   
Gross Multiplier: 13.45
Tax/Assessment Info
•   
Gross Income: 230400.00
•   
Tax Year: 2021
•   
Taxes: 2209.63
Lease Info
•   
Net Operating Income: 190700.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 3
•   
Unit 3 Actual Rent: 4800.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Furnished
•   
Unit 3 Bathrooms: 3
•   
Unit 3 Total Rent: 4800.00
Unit 2 Information
•   
Unit 2 Actual Rent: 4800.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Furnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Total Rent: 4800.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Furnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 4800.00
•   
Unit 1 Total Rent: 4800.00
Unit 4 Information
•   
Unit 4 Actual Rent: 4800.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Furnished
•   
Unit 4 Total Rent: 4800.00
•   
Unit 4 Bathrooms: 3
•   
Unit 4 Bedrooms: 3
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: 1219-1223 W. 25th Street, 90007
Other
Calculation
•   
Dom: 64

Property History for 1219 W 25th Street

08/19/2022
08/19/2022
CRMLS #22145339
sold
CRMLS #22145339
$2,950,000
--4.84%
05/06/2022
05/06/2022
CRMLS #22145339
active
CRMLS #22145339
$3,100,000
+1.64%
04/11/2022
04/11/2022
CRMLS #22145339
active
CRMLS #22145339
$3,050,000
+239.27%
05/08/2021
05/08/2021
CRMLS #21719586
sold
CRMLS #21719586
$899,000
04/17/2021
04/17/2021
CRMLS #21719586
active
CRMLS #21719586
$899,000

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