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Multifamily

1162 Rolland Curtis Pl

1162 Rolland Curtis Pl, Los Angeles, CA 90037

Listing Price: $1,800,000

Cap Rate
4.48%
Number of Units
5
Price/Unit
$360,000
Price/Gross SF
$404.68
Gross SF
4,448

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 5-unit apartment community located at 1162 Rolland Curtis Place. The subject property offers residents a highly desirable location that is walkable to the main campus of University of Southern California while also providing easy access to all of USC’s landmarks, academic buildings, and entertainment options. Students also benefit from being approximately three miles from L.A. Live, Staples Center and numerous other Downtown Los Angeles attractions and amenities.1162 Rolland Curtis Place is situated on a 6,004 square foot parcel and features four two-bedroom units and one three-bedroom townhouse style unit. Investors will have the opportunity to acquire a property with an ideal unit-mix that caters to USC students that are increasingly seeking housing south of campus. Given the location and opportunity to increase rental income, 1162 Rolland Curtis Place provides an investor with the opportunity to acquire a well-maintained building with attractive in-place yield and additional rental upside

Investment Highlights

  • The Subject Property Offers Approximately 16% in Rental Upside by Re-Leasing Units at Market Rates and Even Further Upside Potential by Re-Positioning the Asset to the Growing USC Student Population
  • 1162 Rolland Curtis Place Consists of All Two and Three Bedroom Units Which is Ideal for Students
  • Residents Can Easily Access the 110 Freeway and Major Thoroughfares Such as Vermont Avenue and Exposition Boulevard
  • Fist Time on the Market in Nearly 20 Years
  • Located Blocks From the New $350 Million Banc of California Stadium Which is Home to MLS Soccer Team, the Los Angeles FC and LA Memorial Coliseum Which is Home to the USC Trojans. Moreover, the Property is Less Than a Five Minute Walk to the USC Campus and Exposition Park
  • Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment

Exclusively Listed By

Financing By

Multifamily

1162 Rolland Curtis Pl

Listing Price: $1,800,000

Cap Rate
4.48%
Number of Units
5
Price/Unit
$360,000
Price/Gross SF
$404.68
Gross SF
4,448

Investment Highlights

  • The Subject Property Offers Approximately 16% in Rental Upside by Re-Leasing Units at Market Rates and Even Further Upside Potential by Re-Positioning the Asset to the Growing USC Student Population
  • 1162 Rolland Curtis Place Consists of All Two and Three Bedroom Units Which is Ideal for Students
  • Residents Can Easily Access the 110 Freeway and Major Thoroughfares Such as Vermont Avenue and Exposition Boulevard
  • Fist Time on the Market in Nearly 20 Years
  • Located Blocks From the New $350 Million Banc of California Stadium Which is Home to MLS Soccer Team, the Los Angeles FC and LA Memorial Coliseum Which is Home to the USC Trojans. Moreover, the Property is Less Than a Five Minute Walk to the USC Campus and Exposition Park
  • Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 5-unit apartment community located at 1162 Rolland Curtis Place. The subject property offers residents a highly desirable location that is walkable to the main campus of University of Southern California while also providing easy access to all of USC’s landmarks, academic buildings, and entertainment options. Students also benefit from being approximately three miles from L.A. Live, Staples Center and numerous other Downtown Los Angeles attractions and amenities.1162 Rolland Curtis Place is situated on a 6,004 square foot parcel and features four two-bedroom units and one three-bedroom townhouse style unit. Investors will have the opportunity to acquire a property with an ideal unit-mix that caters to USC students that are increasingly seeking housing south of campus. Given the location and opportunity to increase rental income, 1162 Rolland Curtis Place provides an investor with the opportunity to acquire a well-maintained building with attractive in-place yield and additional rental upside

Exclusively Listed By

Financing By

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