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We are pleased to present 1269 W 36th St, a newer constructed 16-bed student housing asset built in 2024, located just west of USC's University Park Campus within the USC Department of Public Safety (DPS) Patrol Zone. The property features five units, with mostly two- and three-bedroom floor plans designed to appeal to recent student leasing demand for less roommates. The property is offered at a 6.48% CAP rate and 11.71 GRM on in-place income, with a projected 9.40% CAP rate and 8.72 GRM at market rents, providing meaningful embedded upside. Fully leased for the Fall 2026 semester with every bed secured through late July 2027, the property offers stabilized cash flow and minimal near-term lease-up risk. Three of the five units are master leased, providing a more hands-off ownership experience with utilities and day-to-day management shifted to the master tenant. Located within walking distance of USC, less than one mile from USC Village, and near the Expo/Vermont Metro station, the property benefits from strong and durable student housing demand. The property also qualifies for 100% bonus depreciation under the One Big Beautiful Bill Act, offering potential tax advantages and an opportunity for cost segregation. The offering represents a turnkey opportunity to acquire 2024 construction student housing with stable income, built-in rental upside, and a prime USC location.
| Last Updated | 9/10/2026 | Year Built | 2024 |
|---|---|---|---|
| Community | C34 - Los Angeles Southwest | County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Dryer, Microwave, Refrigerator, Washer |
|---|---|
| AREA | C34 - Los Angeles Southwest |
| HEAT | Central |
| LOT | 5218 sq ft |
| LOT DIMENSIONS | 5219 |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| STORIES | Split/Multi Level |
Location
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