Property Detail

Description

We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of two (2) brand new construction homes(2020) + one (1) fully remodeled house. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. 1256 W. Adams Blvd. is comprised of an updated and fully remodeled 9-bedroom + 7-bathroom house. This three story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TV's, washer & dryer, an outdoor common area with a barbecue grill and hot tub. 1258 & 1260 W. Adams Blvd. are newly constructed in 2020(non-rent control) and consist of two spacious 3-bedroom + 3-bathroom houses. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers with glass enclosures, wall-mounted flat screen televisions and USB charging ports. In addition, there is a Value-Add Opportunity to convert the garages into 1-bedroom units (Buyer to Verify). The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. This investment presents an excellent opportunity for an investor to acquire a unique premier student housing portfolio in the attractive USC submarket that will provide exponential returns. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year. the asset represents a low risk investment that is poised for continued growth and continued excellent operating fundamentals.