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1205 37th Drive
Los Angeles, CA 90007
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 INFORMATION
| MLS # | 24433527 | Lot Size | 6,603 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 3,950,000
Price Per SqFt: $ 797 |
DOM | 248 Days |
| Address | 1205 37th Drive | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,956 Sq. Ft. |
| Postal Code | 90007 | Garage | N/A |
| County | Los Angeles | Year Built | 1915 |
| Bed / Bath | 14 / 0 | Parking | N/A |
| Built In | 1915 | Status | Active |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Disposal, Refrigerator |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Laminate |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,213
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/30/2024 | Listed | $3,950,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Jerome McAlpin, McAlpin & Company. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
