Los Angeles — G6 Apartments, near the USC campus and the Staples Center, were built in 2009.
Los Angeles — Marcus & Millichap, representing seller G6 Apartments LLC, has brokered the sale of G6 Apartments, a five-unit, 25-bed student housing property one block from the University of Southern California's (USC) main campus in Los Angeles. The $3.9 sales price equates to $780,000 per unit and $156,000 per bed.
Ron Harris, executive vice president investments, Paul Darrow, senior associate and Michael DiSimone, senior associate, all in Marcus & Millichap's Los Angeles office, represented the seller. The buyer is a private investor.
"G6 apartments is a recently constructed boutique student housing community that was created on a small scale to provide students with a quiet living environment," Harris says. "The property consistently maintains full occupancy at near top-of-the-market rents and is poised to produce strong cash flows and returns for the new owner in both the near and long term."
The property was built in 2009 and is a short walk or bike ride from USC and approximately two miles from LA Live!, the Staples Center and Downtown Los Angeles.
The G6 Apartments amenity package includes gated parking spaces, a furnished living area, onsite laundry facilities and storage space. Interiors feature granite countertops, stainless-steel appliances, dark-wood cabinetry, hardwood flooring, modern plumbing fixtures, recessed lighting, large windows and central air conditioning. Select units have loft-style ceilings.