1168 W 36th Pl - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$8,600,000 USD
310-550-2592
1168 W 36th Pl, Los Angeles, CA for Sale
$8,600,000 USD
Apartments - FOR SALE
1/4
null | 6.13% Cap Rate

1168 W 36th Pl
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • Prime USC Location

OVERVIEW

CBRE Inc., as exclusive advisor to the Seller, is proud to present 1168-1180 W. 36th Pl., a prime student housing opportunity one-half block west of the University of Southern California (USC) in Los Angeles. Built in 2015 and designed specifically for student housing, the asset is comprised of 6 freestanding duplexes (12 units in total), each with 3 bedrooms and three bathrooms for a total of 36 bedrooms. Each unit features its own secure garage, kitchen/living area on the second floor and in-unit washer and dryer. The buildings are separately metered for all utilities including water and offer a gated perimeter for tenant security. The USC student housing market is comprised of mid-sized apartments located in adjacent low density residential neighborhoods along with institutional-sized housing along commercial corridors like Figueroa and Vermont Ave. 1168-1180 W. 36th Pl. boasts clean, safe, modern living just one-half block west of campus and walkable to the Lucas Museum, Exposition Park and the LA Memorial Coliseum. The asset is also just blocks from the Expo/Vermont Metro Line offering express transit from Downtown LA to Santa Monica Beach and everything in between. The immediate area is a lively mix of student housing, residential streets, and campus-related amenities. It is a very walkable neighborhood with a high Walk Score, making it easy to get around on foot to nearby amenities and attractions. General area amenities include a variety of restaurants, cafes, and markets that serve the student population. The location offers easy access to the numerous cultural and recreational highlights within Exposition Park, including the Natural History Museum of Los Angeles County, the California Science Center, and the Exposition Park Rose Garden. The area also benefits from excellent public transit with nearby Metro stations, further connecting the neighborhood to the rest of Los Angeles. Please visit the property website www.cbre36th.com to view the Offering Memorandum.

FOR SALE DETAILS

PRICE

$8,600,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

12

PRICE/UNIT

$716,667

CAP RATE

6.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2015-Built USC West Campus Student Housing

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2015

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

LAR4

APN/PARCEL ID

5040-029-008

ASK ABOUT THIS PROPERTY

310-550-2592

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310-550-2592

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