Description

Fantastic opportunity to purchase a newly constructed 70 room student housing facility (including 4 ADUs) within a half mile proximity to USC with A+ Interior Buildouts compared to the competition, in amazing condition. The subject is a 12-unit, four-story, 2024-built co-living student housing apartment complex with a unit mix consisting of four bedroom, seven bedroom, and nine bedroom units exhibiting an average size of 1,794 square feet. It is operating as a fully furnished co-living apartment with 70 bedrooms leased individually on a per bedroom basis with a 308-square-foot average bedroom suite size. The project is leased as a fully furnished Co-Living apartment, on a per bedroom suite basis. The living room and dining room include sofas, tables, desks, chairs, fixtures, and furnishings. Unit amenities include central air conditioning, dishwasher, keyless entry, premium appliances, premium flooring, range hood, range/stove, refrigerator, in-unit washer/dryer and solar. Bedrooms include bed, dresser, desk, chair, etc. Cookware, dishware, silverware, cleaning supplies, soft goods and furnishings are not included in the sale price. Project amenities include secured access and security surveillance. Subject parking is comprised of 10 surface spaces. The subject is currently fully occupied.