1327 W 37th Pl - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$2,999,000 USD
310-993-9213
1327 W 37th Pl, Los Angeles, CA for Sale
$2,999,000 USD
Apartments - FOR SALE
1/22
null | 5.07% Cap Rate

1327 W 37th Pl
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • • Prime location: just two blocks from USC campus
  • • Significant rental upside and strong demand
  • • Ideal for investors seeking high returns in a proven market
  • • SELLER FINANCING AVAILABLE… CALL TO DISCUSS DETAILS

OVERVIEW

SELLER FINANCING AVAILABLE… CALL TO DISCUSS DETAILS BRING ALL OFFERS. BRAND NEW DROUBT RESISTANT LANDSCAPING!!! Inside the USC Patrol Zone. At $167k per bedroom, this is one of the best values in the area. And with 40% upside in rents the opportunity cant be beat. Currently rented entirely to Students, this modern 3-unit, 18-bed property offers the discerning owner the long term flexibility to rent to both students and because each unit is 6 bedrooms, offer a multigenerational option rare to this or any market. Built in 2017, the property features contemporary finishes, spacious layouts compared to more recent builds, and in-unit amenities tailored to meet the needs of today's discerning tenants. Fully leased at $17,665 per month and 13.8 GRM, the property presents significant rental upside to a 10 GRM or better with market rents. A new owner can capitalize on the strong demand for quality student housing in the USC area or diversify with area Professionals and multigenerational segments. This asset is perfectly positioned for both immediate income and long-term appreciation. Don't miss out on this opportunity.

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$560 USD /SF

# OF UNITS

18

PRICE/UNIT

$166,611

CAP RATE

5.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,002 SF

ZONING

LARD2

APN/PARCEL ID

5040-010-018

ASK ABOUT THIS PROPERTY

Christopher NewellBerkshire Hathaway California PropertiesMore Info
310-993-9213

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Christopher NewellBerkshire Hathaway California PropertiesMore Info
310-993-9213

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