We are pleased to present an exceptional investment opportunity: a newly constructed, fully furnished four-unit student housing property with a remarkable 6.69% cap rate. This property features a total of nineteen bedrooms and sixteen bathrooms, situated in the sought-after DPS Patrol Zone and just a short walk from the University of Southern California (USC). Spanning approximately 6,500 rentable square feet across two distinct structures, the front structure was completely rebuilt in 2023, and features brand new flooring, plumbing, quartz countertops, stainless steel kitchen appliances, tiled showers with glass enclosures, and new in-unit washer & dryers. Additionally, the front duplex's scope of work included a complete to-the-studs reconstruction, with brand new framing, foundation and roofing, essentially delivering a brand-new low maintenance structure to any prospective buyer. The back duplex was recently constructed and completed in 2023 and features the same high-end finishes as the front unit. The investment is 100% occupied with USC students and fully leased for the 2024-2025 academic school year. 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 excellent operating fundamentals. Tenants pay for all utilities of the property including Water/Gas/Electric/Trash. (Monthly management fee of $2,007.25 is not included in the cap rate as potential buyers can self-manage at the expiration of leases.)
Property Details
Property Features
Property Information:
Year Built: 1919
Stories: 2
Living Area: 6,500 SqFt
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Adam Shamooelian
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 19
Lot Features
Lot Information:
Lot Size: 0.13 Acres
Other
Directions Information:
Directions: 1237 W. 25th Street, 90007
Price Information
Listing Price Info
Price Summary:
List Price: $4,199,000
Price Per SqFt: $646/SqFt
Tax Information:
Annual Amount: $587
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.1M more than the Median Sold Price and $5/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24451439
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Adam Shamooelian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/23/2024, 10:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 18, 2021
Jun 18, 2021Home Sold
$875,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$587
$34,129
2020
$572
$33,780
2019
$508
$33,118
2018
$501
$32,469
2017
$501
$31,833
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Vermont Avenue Elementary
1435 W 27th St
Distance between this listing and this school0.37 miles
Public District Grades KG-5
5
/10
Norwood Street Elementary School
2020 Oak St
Distance between this listing and this school0.51 miles
Public District Grades KG-5
3
/10
John W. Mack Elementary
3020 S Catalina St
Distance between this listing and this school0.60 miles
Public District Grades KG-5
Nearby Schools
4
/10
Downtown Value
950 W Washington Blvd
Distance between this listing and this school0.52 miles
Public Charter Grades KG-8
4
/10
Camino Nuevo Elementary #3
1723 Cordova St
Distance between this listing and this school0.60 miles
Public Charter Grades KG-8
4
/10
Berendo Middle School
1157 S Berendo St
Distance between this listing and this school1.14 miles
Public District Grades 6-8
Nearby Schools
6
/10
Alliance Gertz-Ressler Richard Merkin 6-12 Complex
2023 S Union Ave
Distance between this listing and this school0.32 miles
Public Charter Grades 6-12
3
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.42 miles
Public District Grades 9-12
8
/10
Thirty-Second Street Usc Performing Arts
822 W 32nd St
Distance between this listing and this school0.70 miles
The neighbors living near this home have an average income of $36,717. Residents of Los Angeles, CA typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1237 W 25th St
What is the listing price of this property?
The listing price of 1237 W 25th St property is $4,199,000.
What type of property is this?
The property 1237 W 25th St is a house located in Los Angeles, California, 90007.
Is this property for sale now?
Active Listing: 1237 W 25th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $587 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 18, 2021 for $875,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1237 W 25th St has 19 bedrooms and 16 bathrooms.
What is the square footage of this property?
The property 1237 W 25th St is 6,500 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1237 W 25th St is 1919.
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This home is located at 1237 W 25th St in Los Angeles, CA and zip code 90007 in the University Park neighborhood. This 6,500 square foot home, which was built in 1919, sits on a 0.13 acre lot. Features: 19 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $4,199,000.
In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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