Los Angeles, CA 90007,1158 W 37th Street
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Los Angeles, CA 90007,1158 W 37th Street
Listed by Daniel Lewin • Younglewin Advisors, Inc.
Bought with Daniel Lewin • Younglewin Advisors, Inc.

$3,700,000

Est. payment /mo

$3,990,000

7.3%
Est.Price: ?

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1158 W 37th Street Los Angeles, CA 90007

6,500 SqFt

SOLD DATE : 11/20/2024

Key Details

Sold Price $3,700,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $569

MLS Listing ID CRPW24118738

Sold Date 11/20/24

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1903

Lot Size 7,249 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

Interior

Fireplace No

Laundry Inside

Building

Water Public

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Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528

Our team is ready to help you sell your home for the highest possible price ASAP


Bay East AOR and Contra Costa AOR

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agent

Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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