1572 W 37Th Place

Los Angeles, CA 90018

$1,200,000

List Price

2

bed Beds

1

shower Baths

1,168 sqft

straighten / sqft

1915

calendar_month Built

Property Description

We are excited to offer a unique opportunity to acquire an opportunity to build a premier student housing development, just two blocks from the University of Southern California (USC). Situated at 1572 W. 37th Street, this project features 3 residential units totaling 25 bedrooms and 25 bathrooms across 5 distinct units. The project will be delivered RTI (Ready-to-Issue permits) prior to closing. The 3-story building design includes two residential units, with 17 bedrooms and 17 bathrooms. Additionally, there are two detached ADUs, each with 8 bedrooms and 8 bathrooms, totaling 8,590 square feet of rentable space. This project offers a streamlined construction process, allowing developers to reduce costs and accelerate completion. Purpose-built for co-living, every floor provides spacious common areas and each bedroom comes with its own private bathroom, ensuring tenant comfort and privacy. Beyond its student housing potential, this property offers flexibility, with the option to rent to affordable housing programs has potentially steady rental income. With its highly desirable location near USC, tenants will enjoy easy access to campus, University Village, and all the amenities that the area offers. Don't miss out on this opportunity contact the listing agent for further details! Please note that the buyer is responsible for conducting all due diligence regarding property conditions, zoning. SOLD AS IS. Buyer to verify all permits and records with city.

Listing Information

List Price $1,200,000
Status Active
MLS 24454851
Type Residential
Subtype Single Family Residence
Year Built 1915
Lot Size 5,411
Structure Size 1,168
DOM 46
Courtesy Of Stanfles Realty
Listing Agent Jin Lee DRE#01787408

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 1
Flooring Information
Material Laminate, Tile
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jin Lee, Stanfles Realty 310-818-9700. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 3:28 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.