1572 W 37th Pl - Residential LAND FOR SALE


Los Angeles, CA 90018- South Central LA5,410 SF
$1,095,000 USD
310-658-2668
1572 W 37th Pl, Los Angeles, CA for Sale
$1,095,000 USD
Residential LAND - FOR SALE
1/7
5,410 SF

1572 W 37th Pl
Los Angeles, CA 90018
South Central LA


HIGHLIGHTS

  • Ready to Issue Permits - 26 Bedroom + 26 Bathrooms
  • 5 Total Residential Units!
  • Single Family Residence Delivered Vacant
  • USC Student Housing Development Opportunity

OVERVIEW

The Shamooelian Real Estate Group is pleased to present the opportunity to acquire this Ready-to-Issue Student Housing Construction project of 5 Residential Units totaling 26bd + 26bths, a couple of blocks away from the University of Southern California (USC). Located on 1572 W. 37th Place, this project will be delivered RTI permits prior to closing. The design consists of a large duplex + JADU(3 6bd +6bth units) in the front of the lot, with an additional 2 detached ADUs(4bd + 4bth Each) in the rear, with the development totaling 6,774 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. 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! Agent Remarks : PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/ACRE

$8,815,043/AC

PRICE/SF

$202 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

USC Student Housing Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

0.12 AC

LAND SF

5,411 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAR2

APN/PARCEL ID

5041-033-023

ASK ABOUT THIS PROPERTY

Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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