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For Sale

$985,000

1,168 sqft$843/sqft339 days on market

1572 W 37th Place

Los Angeles, CA 90018

· 8% down, 7% APR, 30yr fixed

2

Beds

1

Baths

1,168

Square feet

1915

Built

Listing narrative

Description

We are excited to offer a unique opportunity to acquire an opportunity to build a premier student housing development, just two blocks from the University of Southern California (USC). Situated at 1572 W. 37th Street, this project features 3 residential units totaling 25 bedrooms and 25 bathrooms across 5 distinct units. The project has RTI. The 3-story building design includes two residential units, with 17 bedrooms and 17 bathrooms. Additionally, there are two detached ADUs, each with 8 bedrooms and 8 bathrooms, totaling 8,590 square feet of rentable space. This project offers a streamlined construction process, allowing developers to reduce costs and accelerate completion. Purpose-built for co-living, every floor provides spacious common areas and each bedroom comes with its own private bathroom, ensuring tenant comfort and privacy. Beyond its student housing potential, this property offers flexibility, with the option to rent to affordable housing programs has potentially steady rental income. With its highly desirable location near USC, tenants will enjoy easy access to campus, University Village, and all the amenities that the area offers. Don't miss out on this opportunity contact the listing agent for further details! Please note that the buyer is responsible for conducting all due diligence regarding property conditions, zoning. SOLD AS IS. Buyer to verify all permits and records with city.

Listing agent (MLS): Jin Lee · Listing brokerage (MLS): Stanfles Realty

Property Details

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Price

$985,000

Beds

2 bd

Type

House

Home Size

1,168 sqft

Baths

1

Lot Size

0.12 acres

Year

1915

Status

For Sale

Days on Market

339

$ / Sqft

$843

· 8% down, 7% APR, 30yr fixed
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Courtesy of Stanfles Realty