We are pleased to present the opportunity to acquire this Ready-to-Issue Student Housing Construction project of 3 Residential Units totaling 30bd + 30bths, a couple of blocks away from the University of Southern California (USC). Located on 1574 W. 37th Street, this project will be delivered RTI prior to closing. The 3-story design consists of 2 residential units(10bd + 10bth each) + 1 ADU(10bd + 10bth) fully stacked with identical floor plans totaling 8,676 SF of rentable square footage. The property benefits from a straightforward construction process, which will help any developer save on costs and expedite project completion. Expertly designed for co-living, each floor has ample living space for the tenants to enjoy as well as a private bathroom in each bedroom suite. The site comes with an SB8 Determination Letter that states that no affordable units are required in the new development! In addition to renting to students, the property also offers dual-use potential: it can be rented to affordable housing programs, with the possibility of earning up to $1,200 per room in rent (Buyer to Verify).The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. Please contact listing agent for more details!
Property Details
Price:
$1,250,000
MLS #:
24428835
Status:
Active
Beds:
2
Baths:
1
Address:
1574 W 37th Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Aug 19, 2024
State:
CA
Finished Sq Ft:
864
ZIP:
90018
Lot Size:
6,186 sqft / 0.14 acres (approx)
Year Built:
1915
Schools
Interior
Exterior
Parking Spots
0.00
Pool Features
None
Spa Features
None
Stories Total
1
Financial
Map
Community
- Address1574 W 37th Street Los Angeles CA
- AreaC34 – Los Angeles Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Robert Barksdale include the name of the listing broker. Neither the listing company nor Robert Barksdale shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1574 W 37th Street
Los Angeles, CA
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