1158 W 37th Street, Los Angeles, CA 90007

  • $4,230,000
  • $651
1158 W 37th Street, Los Angeles, CA 90007
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1903
  • Year Built
For Sale
1158 W 37th Street, Los Angeles, CA 90007
  • $4,230,000
  • $651

Overview

Property ID: SGR-32998483
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1903
  • Year Built

Description

Master-leased property one block from USC – offered at a true 6% Cap Rate with Upside to a 7% 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.

  • Address 1158 W 37th Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90007
  • Area C34 - Los Angeles Southwest
  • Country United States

Details

Updated on July 24, 2024 at 2:00 am
  • Property ID: SGR-32998483
  • Price: $4,230,000
  • Land Area: 7249.00 m²
  • Garage: 0.00
  • Year Built: 1903
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 6500.00
  • MLS#: PW24118738
  • Office Name: YOUNGLEWIN ADVISORS, INC.
  • Agent Name: Daniel Lewin
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01932742
  • IDX Contact Info: 424-224-9344

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 0.00
  • Water Source: Public

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