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1256 W Adams Blvd, Los Angeles, CA 90007
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1256 W Adams Blvd Los Angeles, CA 90007

$3,995,000
  • 15 Beds
  • 13 Baths
  • 5,103 Sq.Ft.
For Sale
$3,995,000 Get Pre-Qualified
Map preview of 1256 W Adams Blvd, Los Angeles, CA 90007

Property Overview: 1256 W Adams Blvd Los Angeles, CA has 15 bedrooms, 13 bathrooms, 5,103 living square feet and 6,726 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of two (2) brand new construction homes(2020) + one (1) fully remodeled house. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. 1256 W. Adams Blvd. is comprised of an updated and fully remodeled 9-bedroom + 7-bathroom house. This three story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TV's, washer & dryer, an outdoor common area with a barbecue grill and hot tub. 1258 & 1260 W. Adams Blvd. are newly constructed in 2020(non-rent control) and consist of two spacious 3-bedroom + 3-bathroom houses. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers with glass enclosures, wall-mounted flat screen televisions and USB charging ports. In addition, there is a Value-Add Opportunity to convert the garages into 1-bedroom units (Buyer to Verify). The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. This investment presents an excellent opportunity for an investor to acquire a unique premier student housing portfolio in the attractive USC submarket that will provide exponential returns. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. 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 continued excellent operating fundamentals.

Listed by Adam Shamooelian | BRE #02116849 | Keller Williams Beverly Hills
Last checked: 10 minutes ago | Last updated: May 9th, 2024 | Source CRMLS | DOM: 14
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Home details

Lot Sq. Ft
6,726
HOA Dues
$0/mo
Year built
2020
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24386689
City
Los Angeles
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 9
  • # of Baths: 7
  • Furnishing: Unfurnished
  • Actual Rent: $15,165
  • Total Rent: $15,165
  • Pro Forma/Market Rent: $16,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $5,250
  • Total Rent: $5,250
  • Pro Forma/Market Rent: $5,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $5,250
  • Total Rent: $5,250
  • Pro Forma/Market Rent: $5,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.16%
  • Gross Rent Multiplier: 12.97
  • Gross Scheduled Income: --
  • Net Operating Income: $245,989
  • Gross Operating Income: $307,980
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1256 W Adams Blvd

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Property Details for 1256 W Adams Blvd

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 3
  • Parcel Number: 5055014031
  • Year Built Source: Builder
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1256, 1258, & 1260 W. Adams Blvd, Los Angeles 90007. 3 House Portfolio each with their own APN.
View more facts & features

Local Los Angeles Agent

Sale History for 1256 W Adams Blvd

Last sold for $3,850,000 on October 20th, 2021

  • May, 2024

  • May 1, 2024

    Date

    Active

    CRMLS: 24386689

    $3,995,000

    Price

  • April, 2024

  • Apr 22, 2024

    Date

    Canceled

    CRMLS: 24349767

    $4,350,000

    Price

  • Jan 22, 2024

    Date

    Active

    CRMLS: 24349767

    $4,350,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2021

  • Jul 31, 2021

    Date

    Pending

    CRMLS: 21763542

    $4,075,000

    Price

  • Jul 21, 2021

    Date

    Active

    CRMLS: 21763542

    $4,075,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TVs, washer & dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. 1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers. Current 6% Cap Rate - $25,500/month

  • July, 2021

  • Jul 11, 2021

    Date

    Expired

    CRMLS: 21747364

    $4,125,000

    Price

  • Jun 10, 2021

    Date

    Active

    CRMLS: 21747364

    $4,125,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TVs, washer & dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. 1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers.

  • June, 2021

  • Jun 4, 2021

    Date

    Canceled

    CRMLS: 21729574

    $4,175,000

    Price

  • May 10, 2021

    Date

    Active

    CRMLS: 21729574

    $4,175,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TVs, washer & dryer, an outdoor common area with a barbecue grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month.1260 W. Adams was newly constructed in 2020 (non-rent control) and consists of a spacious 3-bedroom + 3-bathroom house. This house is currently rented for $5,500/month. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers.

  • May, 2021

  • May 10, 2021

    Date

    Canceled

    CRMLS: 21715478

    $4,250,000

    Price

  • Apr 6, 2021

    Date

    Active

    CRMLS: 21715478

    $4,250,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer the opportunity to acquire this turnkey Student Housing Portfolio consisting of three (3) fully updated and remodeled houses. Each house has its own APN, and is 100% occupied with USC students, 1-year lease agreements, and also parent guaranteed. The investment is well positioned, located in the DPS Patrol Zone, and walking distance to the USC campus & Village. Expenses are extremely light as the tenants pay for all water, trash, gas, and electricity. 1256 W. Adams is comprised of an updated and fully remodeled 9-bedroom + 5-bathroom House. This three-story beauty offers classic wood floors, a huge living room and dining area, perfect for communal living and gatherings. The house features quartz counter tops, stainless steel appliances, large flat screen TVs, washer & dryer, an outdoor common area with a barbeque grill and 6-8 person hot tub. This house is currently rented for $14,500/month. 1258 and 1260 W. Adams are newly constructed in 2020 (non-rent control) and consists of two spacious 3-bedroom +3-bathroom houses. Amenities include washer & dryer, stainless steel kitchen appliances, air conditioning, tiled showers with glass enclosures, wall-mounted flat screen televisions and USB charging ports. Each of these 3-bedroom houses are currently rented for $5,500/month.

  • April, 2015

  • Apr 3, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,215,000

    Price

  • June, 1996

  • Jun 21, 1996

    Date

    Sold (Public Records)

    Public Records

    $151,000

    Price

Show More

Tax History for 1256 W Adams Blvd

Assessed Value (2020): $1,559,504
Year Land Value Improved Value Assessed Value
2020 $840,686 $718,818 $1,559,504

Home Value Compared to the Market

This property vs the competition

1256 W Adams Blvd is listed 219.86% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $782.87 per/sqft which puts the price per square foot 1.15% higher than the median price per square foot for the city of Los Angeles.

About 1256 W Adams Blvd

Detailed summary of property

1256 W Adams Blvd is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 15 bedrooms, 13 bathrooms, roughly 5,103 living square feet, and sits on an approximately 6,726 square foot lot. 1256 W Adams Blvd was first listed on ArdentRealEstateGroup.com on May 1, 2024. The homeowner is currently asking $3,995,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 219.86% higher than the median priced home. Local competing homes currently for sale include 4083 S Broadway, 927 S Ardmore Ave and 1819 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 94 days, 1256 W Adams Blvd has a days on market of 14 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1256 W Adams Blvd Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1256 W Adams Blvd

Public county record property details
Beds
8
Baths
4
Year built
1902
Sq. Ft.
2,952
Lot Size
7,289
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5055-014-003

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
13
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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