1205 37th Drive, Los Angeles, CA 90007
  • MLS#: 24433527 ( )
  • Street Address: 1205 37th Drive
  • Viewed: 1
  • Price: $3,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1915
  • Bldg sqft: 0
  • Days On Market: 78
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90007
  • Provided by: McAlpin & Company
  • Contact: Jerome Jerome
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Refrigerator
Architectural Style
  1. Contemporary
Building Area Total
  1. 4956.00
Cooling
  1. Central Air
Country
  1. US
Direction Faces
  1. South
Flooring
  1. Laminate
Heating
  1. Central
Levels
  1. Multi/Split
Netoperatingincome
  1. 202593.00
Parcel Number
  1. 5040014020
Parking Features
  1. None
Postalcodeplus4
  1. 4212
Property Condition
  1. Updated/Remodeled
Sourcesystemkey
  1. 24-433527:CLAW
Totalexpenses
  1. 63207.00
View
  1. City Lights
Year Built
  1. 1915
Zoning
  1. LARD2