6.65% CAP Rate | Built in 2023 | Turnkey! 1539 W 37th Pl

We are pleased to offer this Investment Opportunity to acquire a New Construction (2023) Co-Living apartment complex, located in the highly desirable 90018 zip code, and walking distance to the University of Southern California (USC). The investment is priced to sell and will cash flow on Day 1 with a 35% Down Payment. The property features (22) Bedrooms All with Private En-Suite Bathrooms, rented individually on long-term leases. This upscale turnkey premier construction investment features hardwood floors, stainless steel kitchen appliances, quartz counter tops, glass enclosed showers, in-unit washer & dryers, new roof/copper plumbing (less than 2 years old), double pane windows, individually metered for all utilities: gas, electricity, & water and high-end finishes throughout the units. The building is approximately 6,630 rentable square feet on a 6,051 square foot lot, consisting of (1) 13-bedroom + 13-bathroom and (1) 9-bedroom + 9-bathroom units. This asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The property can be acquired with management in place for a true hassle-free turnkey investment. With a current gross income of $25,626/month, there's approximately 15% potential upside in rents, which an investor can achieve closer to about $29,700/month.