Detailed Introduction Of This Home
Fourplex built in 2019 + ADU built in 2022. Almost Hassle Free Income Property Investment Opportunity !! Current monthly rental income over $20,000 , Expected NOI appx. $180,000 , A TRUE CAP RATE 4.5%. A newly constructed 15 bed 15 bath student housing investment opportunity located a few blocks west of USC, within the USC Department of Public Safety 24 Hour Patrol Zone. This entire property is Fully Master Leased by a leading student housing operator with a proven track record until July 31, 2027. All bedrooms and common areas are delivered furnished to residents upon move-in and feature in-unit laundry and expansive kitchens; in addition to tenant-centric amenities such as regular cleaning of the common areas, WiFi coverage and covered utilities. Building #1 built in 2019 - 2 story duplex 6 Bed 6 bath, 2,234 sf / Building #2 built in 2019 - 2 story duplex 6 bed 6 bath, 2,280 sf / Building #3 built in 2022 - ADU 3 bed 3 bath, 1,010 sf and 4 parking spaces provided. FYI - Addresses are 1231, 1231 1/2, 1233, 1233 1/2 & 1233 3/4 West 36th Place.