3117 Raymond Avenue   |  Los Angeles, CA 90007

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Luis Guevara

sfr, qsc

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  • 0 bed | 0 full bath | 0 sqft | Other
  • $4,350,000

  • Est. Monthly Payment: $1,232,123/mo

Newly built 5 units USC student housing development. Each newly constructed unit offers 6 beds for student rentals. Each bedroom has a private ensuite bathroom, an especially attractive feature for student tenants. Each of the 30 beds monthly projected rent is $825. There are a total of 9 onsite parking spaces generating $12,300 annually. Total annual rents ($297,000) and parking fees ($12,300) add up to a phenomenal $309,300 in yearly Gross Income, which after deducting expenses of $56,550, gives you a NOI of $252,750 and a 5.8% cap rate for a newly built project. The units are separately metered for water, electricity, and gas, and tenants are responsible for paying all utility expenses. These newly built units feature top-of-the line amenities for students with brand new appliances (refrigerators, ranges, microwaves, dishwashers, washers & dryers), and each unit has its own HVAC. Each unit has a living area, dining area, kitchen and in-unit laundry facility. The property is walking distance to campus, less than half-mile from USC, and within the USC Department of Public Safety (DPS) Patrol and Response Area.

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Property Features

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Interior Features
Exterior Features
  • Lot Size: 6617 ft

Utilities
  • Central Air: Central A/C

Additional and Community Information

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Additional
  • County: Los Angeles
  • Property Type: Other
  • Year Built: 2019
Community

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