Xueliang Zhu Acquires 12-Bedroom USC Student Housing In USC/Downtown LA For $3M

This multifamily property in USC/Downtown LA was recently sold in a transaction. The property, located at 1337-1339 W. 36th Place, consists of a 12-bedroom USC student housing unit with a total square footage of 5,904. The sale price for this asset was $3,000,000, resulting in a price per square foot of $508.13. The buyer of the property is Xueliang Zhu, while the seller is Bruce Kafil. The transaction was facilitated by Davis Saadian, who represented either the buyer, seller, landlord, or tenant in the deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Square Footage: 5,904
• Address: 1337-1339 W. 36th Place
• Market: USC/Downtown LA
• Buyer: Xueliang Zhu
• Seller: Bruce Kafil
• Broker: Davis Saadian

This successful transaction highlights the demand for USC student housing in the area. It is a testament to the market value of properties in this locality and showcases the expertise of Davis Saadian in facilitating such deals. The transaction serves as a notable example of a closed property transaction in the USC/Downtown LA market.