$3,750,000
- Beds
- 14
- sq ft
- 4,956
1205 W 37th Dr, Los Angeles, CA 90007
1205 W 37th Dr
Los Angeles, CA 90007
- 117 days on market
- Price drop $200,000↓
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.
Details
Property type
Property condition
Updated/Remodeled
Lot size
6,603 sq ft
Price per sq ft
$757
Year built
1915
HOA
No
Price History
11/14/2024
CLAW #24433527
Price change
$3,750,000
-5.06%
08/29/2024
CLAW #24433527
Listed
$3,950,000
+22.67%
02/09/2023
CRMLS #PW22163303
Sold
$3,220,000
+230.26%
Schools & Community
Neighborhood:
South Los Angeles
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 12/25/2024 at 11:10 PM
Listing updated: 12/04/2024 at 6:40 PM
Listed by: Jerome McAlpin, McAlpin & Company Phone #: (310) 437-4172
MLS: CLAW #24433527
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