1205 W 37Th Drive

Los Angeles, CA 90007

PRICE REDUCED

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-$200,000 (-5.06%)

$3,750,000

List Price

14

bed Beds

14

shower Baths

4,956 sqft

straighten / sqft

1915

calendar_month Built

Property Description

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.

Listing Information

List Price $3,750,000
Status Active
MLS 24433527
Type Residential Income
Year Built 1915
Lot Size 6,603
Structure Size 4,956
DOM 76
Courtesy Of McAlpin & Company
Listing Agent Jerome McAlpin DRE#00939725

Interior Features

Total Bedroom
Bedrooms 14
Total Bathroom
Bathrooms 14
Flooring Information
Material Laminate
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Jerome McAlpin, McAlpin & Company 310-437-4172. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 14th, 2024 at 12:37 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.