The Nest Apartments | 85% 2 Bedrooms 1075 W 39th St 28 Unit Apartment Building $5,996,350 CAD ($214,155 CAD/Unit) 6.17% Cap Rate Los Angeles, CA 90037

The Mogharebi Group is proud to present for sale, a twenty-eight-unit apartment community located adjacent to the University of Southern California (USC) campus. Constructed in 1959, the property has an excellent unit mix of four one-bedroom/one-bath, and twenty-four two-bedroom/one-bath units. The building totals approximately +/- 16,522 square feet of improvements situated on a +/- 22,178 square foot lot. The property is located just outside the USC Department of Public Safety (DPS) Patrol Zone.
Situated at 1075 W. 39th Street, the property is positioned south of Exposition Blvd and just west of Vermont Ave. The Exposition Light Rail line runs along Exposition Boulevard, with a nearby station within walking distance at Exposition Boulevard and Vermont Avenue. The property also benefits from its close proximity to the USC campus, the Lucas Museum of Narrative Art (which is at the end of the block), the Natural History Museum of Los Angeles County, the Los Angeles Memorial Coliseum, and is just a short drive to Downtown Los Angeles.
Currently, The Nest Apartment is not leased to students; however, the property presents a compelling opportunity for a new owner to reposition and renovate the asset to capture strong demand for student housing.