Description

The Apogee is a brand new construction 38,848 sq ft. 15-unit, 4-story apartment building with 37 parking spaces on grade, completed in August 2022. Designed and built for student housing for its ideal location within walking distance to the highly sought-after University of Southern California (USC) with its impressive $6 Billion dollar Village. The Apogee is located within the USC Patrol area. Convenient and centrally located with easy access to major freeways, transportation, restaurants and just a short drive to Downtown LA, Hollywood, Beverly Hills and other major shopping and entertainment destinations. A unit-mix of single level and townhome style apartments, each unit is 4 bedrooms, 3 bathrooms, offering a potential up to 100 beds, digital entry locks, generously spacious units of 1400-1600 Sq. Ft. of living space, in-unit Laundry, secure access building, open Courtyards, Gym, Elevator, and bike racks. Each unit is furnished for style and comfort, providing student housing at its best. The average projected income per unit is $6,200 monthly, for a total projected Annual income of $1,116,000. Currently fully occupied, rent roll available. Existing loan of $8,650,000 may be assumed by qualified, approved buyer. All investors are welcome, Ideal for 1031 exchange for the entire project, or Partial Investment. Seller will consider TIC (Tenants-In-Common) investors up to $10 Million. Call Listing Agents for more details.