Pending
1158 W 37th ST
LOS ANGELES CA, 90007
$3,990,000
$613.85 per sqft
Pending
19 Beds
19 Baths
6,500 sqft
Multi-family
Built in 1903
PRICE REDUCED! Master-leased Student Housing Property 1 block from USC. Offered at a true 6.5% Cap Rate with realistic upside to a 7.5% Cap Rate! We are pleased to present the new construction, fully-stabilized USC student housing investment property located at 1158 West 37th Street in Los Angeles, CA 90007. The property is less than one mile from the University of Southern California s main University Park campus within the USC DPS security zone and is in a popular student housing rental neighborhood. The property has 5 units and 19 total bedrooms consisting of two brand-new construction 3 bed/3 bath units, a brand-new construction 3 bed/3 bath unit with a den, and two fully renovated 5 bed/5 bath units. The property is master-leased until 2027 offering a buyer security of income and easy management. In addition to its proximity to USC, the property benefits from being walking distance to a Metro Expo Line station offering a short commute to Downtown Los Angeles and the Westside. The property is also nearby to Exposition Park, home of the world-famous LA Coliseum, the new LAFC Stadium and the new George Lucas Museum of Narrative Art. Exposition Park will play host to many key activities and events in the upcoming 2026 World Cup and the 2028 LA Olympics.
PW24118738MR
MLSⓇ ID
June 10, 2024
Listed
October 29, 2024
Updated
Map
1158 W 37th ST
LOS ANGELES CA, 90007
Interior Features
Total Stories
2
Bedrooms
19
Total Bathrooms
19
Laundry Description
Inside
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Los Angeles Southwest
Days on Market
139
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LARD1.5
Listing History
Date | Event | Price |
---|---|---|
10/29/2024 | Pending | — |
7/23/2024 | Price change | $3,990,000 -6% |
Listed by Daniel Lewin with Younglewin Advisors, Inc.
Listing Contact: 424-224-9344
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Clara Yang | CA DRE# 01201082 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/29/2024