1158 W 37th Street
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 7,249 sqft lot
- 1903 build
- – on site
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.
Listed By CRMLS_CA / Daniel Lewin / Younglewin Advisors, Inc. / 424-224-9344
Last checked:
Checking…
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Last updated Aug 25, 2024
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MLS# PW24118738 —
The Building
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Year Built:1903
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:6500.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:5
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Stories Total:2
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Entry Location:1158 W 37th St
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Laundry:Inside
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Laundry:1
Location
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Directions:On W 37th St
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LARD1.5
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Lot Features:Lot 6500-9999
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Lot Size Area:7249.0000
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Lot Size Acres:0.1664
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Lot Size SqFt:7249.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:1
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Tax Census Tract:2226.00
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Tax Tract:BRE...
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Tax Lot:6
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5040031006
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs
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Pool:None
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Private Pool:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/23/24
Jul 23, 2024
|
Price Changed | CRMLS_CA | $3,990,000 | -5.7% |
6/11/24
Jun 11, 2024
|
Listed / Active | CRMLS_CA | $4,230,000 | 156.4% (36.6% / YR) |
10/24/23
Oct 24, 2023
|
Relisted | CRMLS_CA |