Skip to main content

Student Housing

1385 W 22nd St

1385 W 22nd St, Los Angeles, CA 90007

Listing Price: $975,000

Cap Rate
4.02%
Number of Units
2
Price/Unit
$487,500
Price/Gross SF
$511.01
Gross SF
1,908

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale, a three-building Student Housing Portfolio located adjacent to the University of Southern California.The USC Portfolio provides investors the opportunity to acquire a sizable presence in one of the most desirable infill student housing markets in the United States. Additionally, while the properties have been well maintained under current ownership, they are well suited for common area upgrades and interior unit upgrades that will further enhance the portfolio. The apartment buildings are being offered as a portfolio but may be sold individually.The USC Portfolio offers residents a highly desirable location near the main campus of University of Southern California. Residents are located blocks away from campus providing easy access to all of USC’s landmarks, academic buildings, and entertainment options. Students also benefit from being approximately two miles from L.A. Live, Staples Center and numerous other Downtown Los Angeles attractions and amenities.As USC’s enrollment has continued to grow steadily since the COVID-19 pandemic, there is an ever-increasing demand for student housing. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. Given the location, attractive local area amenities, and opportunity to increase rental income, the USC Portfolio provides an investor with the unique opportunity to acquire a premier portfolio in the USC submarket that will provide healthy returns over the foreseeable future.

Investment Highlights

  • Three-Property Student Housing Portfolio in Prime North USC Campus Location - Can Be Sold Separately
  • Overall, Student Housing Properties Have Shown Resilience During Recession for Investors Seeking Downside Protection
  • Investors Will be Able to Capture Approximately 83% Upside in Rental Income Through Interior and Exterior Renovations and Addition of ADU Units
  • Natural Turnover from Students Results in the Portfolio Effectively Not Being Impacted by City of Los Angeles Rent
  • Based on an ADU Feasibility Study Provided by Brick+Work, the Subject Property has a High Potential for ADU Development, that Allows for a Total of Four Potential Attached ADUs- Buyer to Verify

Exclusively Listed By

Financing By

Student Housing

1385 W 22nd St

Listing Price: $975,000

Cap Rate
4.02%
Number of Units
2
Price/Unit
$487,500
Price/Gross SF
$511.01
Gross SF
1,908

Investment Highlights

  • Three-Property Student Housing Portfolio in Prime North USC Campus Location - Can Be Sold Separately
  • Overall, Student Housing Properties Have Shown Resilience During Recession for Investors Seeking Downside Protection
  • Investors Will be Able to Capture Approximately 83% Upside in Rental Income Through Interior and Exterior Renovations and Addition of ADU Units
  • Natural Turnover from Students Results in the Portfolio Effectively Not Being Impacted by City of Los Angeles Rent
  • Based on an ADU Feasibility Study Provided by Brick+Work, the Subject Property has a High Potential for ADU Development, that Allows for a Total of Four Potential Attached ADUs- Buyer to Verify

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale, a three-building Student Housing Portfolio located adjacent to the University of Southern California.The USC Portfolio provides investors the opportunity to acquire a sizable presence in one of the most desirable infill student housing markets in the United States. Additionally, while the properties have been well maintained under current ownership, they are well suited for common area upgrades and interior unit upgrades that will further enhance the portfolio. The apartment buildings are being offered as a portfolio but may be sold individually.The USC Portfolio offers residents a highly desirable location near the main campus of University of Southern California. Residents are located blocks away from campus providing easy access to all of USC’s landmarks, academic buildings, and entertainment options. Students also benefit from being approximately two miles from L.A. Live, Staples Center and numerous other Downtown Los Angeles attractions and amenities.As USC’s enrollment has continued to grow steadily since the COVID-19 pandemic, there is an ever-increasing demand for student housing. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. Given the location, attractive local area amenities, and opportunity to increase rental income, the USC Portfolio provides an investor with the unique opportunity to acquire a premier portfolio in the USC submarket that will provide healthy returns over the foreseeable future.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower