Los Angeles, CA 90007,1158 W 37th ST
Los Angeles, CA 90007,1158 W 37th ST
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$3,700,000

$3,990,000

7.3%
Est.Price: ?

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Est. payment /mo

7,248 Sqft Lot


SOLD DATE : 11/20/2024

Key Details

Sold Price $3,700,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24118738

Sold Date 11/20/24

HOA Y/N No

Year Built 1903

Lot Size 7,248 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Curbs

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5040031006

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Daniel Lewin • Younglewin Advisors, Inc. • 424-224-9344
Bought with Daniel Lewin • Younglewin Advisors, Inc.
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