1183 W 37th Dr - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$795,000 USD
818-321-6490
1183 W 37th Dr, Los Angeles, CA for Sale
$795,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1183 W 37th Dr
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • Close Proximity to USC Campus!
  • Located within the USC DPS Patrol Zone!
  • Approved Plans!!
  • Redevelopment Opportunity!
  • Located within the USC DPS Patrol Zone!
  • Great for investors or owner users!!

OVERVIEW

From Downtown Los Angeles, take the 110 Freeway south and exit at Exposition Blvd. Head west on Exposition Blvd, then turn right onto S Vermont Ave. Continue south on Vermont Ave and turn right onto W 37th Dr. The property will be located on the right-hand side. Remarks : Don't miss this value-add USC student housing opportunity just a few blocks from campus and located within the DPS Patrol Zone. The property is currently leased for $2,400 and occupied by USC students, providing immediate income. Approved plans allow for the existing single-family home to be reconfigured from a 2-bedroom, 1-bath layout into a 3-bedroom, 2-bath unit, along with the conversion of the existing garage into a 4-bedroom, 4-bathroom ADU. This setup increases the overall bedroom count and offers strong upside in a high-demand student rental area. Zoning on the property is LARD2. **PROPERTY IS TO BE SOLD IN AS IS, WHERE IS CONDITION** DRIVE BY ONLY, DO NOT DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$767 USD /SF

# OF UNITS

1

PRICE/UNIT

$795,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

LARD 1.5

APN/PARCEL ID

5040-032-020

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.