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Multifamily

1168 - 1180 1/2 W 36th Pl

1168 - 1180 1/2 W 36th Pl, Los Angeles, CA 90007

Listing Price: $11,500,000

Cap Rate
4.52%
Number of Units
12
Price/Unit
$958,333
Price/Gross SF
$667.36
Gross SF
17,232

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1168 - 1180 1/2 West 36th Place, a 12-unit, 36-bedroom student housing investment property located in the University Park neighborhood near the University of Southern California. Built in 2015, the property consists of six duplexes, featuring three-bedroom townhome units above two-car garages. 1168 - 1180 1/2 West 36th Place was uniquely developed with luxury finishes specifically tailored for the modern student (see OM for more details). Every unit boasts a top of the line amenity package including garage parking, washer/dryer, and stainless steel appliances. 1168 - 1180 1/2 West 36th Place has a desirable Los Angeles location adjacent to the University of Southern California (see OM for more details). The property is located within 0.50 miles of the newly constructed USC Village, providing residents with convenient access to everyday needs (see OM for more details). Additionally, the property is situated just over 2 miles from Downtown Los Angeles, placing residents in close proximity to a variety of shopping, dining, and entertainment options. Los Angeles has an average occupancy of 98.8 percent (1Q 2022) and an average yearly rent growth of 5.6 percent from 2013 to 2021, thus demonstrating the strong demand for rental housing. 1168 - 1180 1/2 West 36th Place offers an investor the opportunity to acquire a newly constructed asset that is poised to benefit from strong continued demand at near top of the market rents. Due to its central location, the property provides residents with easy access to the USC campus and close proximity to LA Live, the Crypto.com Arena, and the countless other attractions and amenities located throughout Downtown Los Angeles.

Investment Highlights

  • Spacious 3-Bedroom Townhomes with Direct Garage Access
  • Unique Student Housing Opportunity Adjacent to USC
  • 100 Percent Leased Out for 2022 - 2023 School Year
  • Gated Access | Attractive Interior Amenities | In-Unit Laundry
  • Blocks Away from the Newly Constructed USC Village

Exclusively Listed By

Financing By

Multifamily

1168 - 1180 1/2 W 36th Pl

Listing Price: $11,500,000

Cap Rate
4.52%
Number of Units
12
Price/Unit
$958,333
Price/Gross SF
$667.36
Gross SF
17,232

Investment Highlights

  • Spacious 3-Bedroom Townhomes with Direct Garage Access
  • Unique Student Housing Opportunity Adjacent to USC
  • 100 Percent Leased Out for 2022 - 2023 School Year
  • Gated Access | Attractive Interior Amenities | In-Unit Laundry
  • Blocks Away from the Newly Constructed USC Village

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1168 - 1180 1/2 West 36th Place, a 12-unit, 36-bedroom student housing investment property located in the University Park neighborhood near the University of Southern California. Built in 2015, the property consists of six duplexes, featuring three-bedroom townhome units above two-car garages. 1168 - 1180 1/2 West 36th Place was uniquely developed with luxury finishes specifically tailored for the modern student (see OM for more details). Every unit boasts a top of the line amenity package including garage parking, washer/dryer, and stainless steel appliances. 1168 - 1180 1/2 West 36th Place has a desirable Los Angeles location adjacent to the University of Southern California (see OM for more details). The property is located within 0.50 miles of the newly constructed USC Village, providing residents with convenient access to everyday needs (see OM for more details). Additionally, the property is situated just over 2 miles from Downtown Los Angeles, placing residents in close proximity to a variety of shopping, dining, and entertainment options. Los Angeles has an average occupancy of 98.8 percent (1Q 2022) and an average yearly rent growth of 5.6 percent from 2013 to 2021, thus demonstrating the strong demand for rental housing. 1168 - 1180 1/2 West 36th Place offers an investor the opportunity to acquire a newly constructed asset that is poised to benefit from strong continued demand at near top of the market rents. Due to its central location, the property provides residents with easy access to the USC campus and close proximity to LA Live, the Crypto.com Arena, and the countless other attractions and amenities located throughout Downtown Los Angeles.

Exclusively Listed By

Financing By

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