LINQ on Thirty-Ninth is a 42-unit, 69-bed apartment community with a mix of one- and two-bed units with bed-bath parity built in 2020 in Los Angeles, California. Although LINQ on Thirty-Ninth is marketed as conventional multifamily, approximately 30 percent of tenants are students. An incoming investor could market this as student housing and rent by the bed. Rents are also below market and have room to grow. LINQ on Thirty-Ninth offers amenities to its residents including a rooftop deck, courtyard, fitness center, controlled access, covered parking, package receiving, and on-site management.
LINQ on Thirty-Ninth is pedestrian to the University of Southern California (USC). USC has a current enrollment of nearly 50,000 students and is well-known across the world. USC does not require students to live on campus.
This offering represents 100 percent fee-simple interest in LINQ on Thirty-Ninth, free and clear of any debt or with assumable debt in place.