Active

1205 W 37th Dr

Los Angeles CA, 90007

$3,750,000


$756.66 per sqft

Active

14 Beds

14 Baths

4,956 sqft

Multi-family

Built in 1915

We are pleased to present an opportunity to invest in USC student housing. It is located within a mile of the main campus and within a couple of blocks of the Metro Expo Line. The asset consists of two buildings. There is a completely renovated, 5-bedroom 5-bathroom single family residence at the front of the lot with each bedroom being rented out individually. Right behind it is a 3 story Duplex and ADU. The Duplex was built in 2020 and is comprised of (2) 3-bedroom 3-bathroom units. The ADU, which was completed in 2023, is also 3 bedrooms and 3 bathrooms. The entire complex is leased to USC students. There is high demand for newer, updated student housing, which makes this investment even more attractive. The location is situated in the USC DPS security zone, which provides tenants and owners with peace of mind. The site is also within walking distance to the Metro Expo Line station offering easy access to everything LA, from the beach to DTLA. It is also a stone's throw from the LA Coliseum, home of the USC Trojan Football team, the LAFC Soccer Stadium, Exposition Park, the Natural History Museum of LA County and the George Lucas Museum of Narrative Art.

24-433527

MLS ID

August 30, 2024

Listed

November 22, 2024

Updated

Map

1205 W 37th Dr
Los Angeles CA, 90007

Interior Features

Total Stories

3


Bedrooms

14


Total Bathrooms

14


Appliances

Garbage Disposal, Refrigerator, Range/Oven, Dishwasher


Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.15 Acres


Architectual Style

Contemporary

Other Property Details

Area Name

Los Angeles Southwest


Days on Market

76


Garage

No


Parking

None


Parking Total

0


View

Yes


View Description

City


County

Los Angeles


Pool

No


Zoning

LARD2

Listing History

Date

Event

Price

11/14/2024

Price change

$3,750,000

-6%

Listed by Jerome McAlpin with McAlpin & Company
Listing Contact: 310-902-8977 

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 Beachrock Group 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 11/22/2024

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