1158 W 37Th Street

Los Angeles, CA 90007

PRICE REDUCED

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-$240,000 (-5.67%)

$3,990,000

List Price

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1903

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Property Description

PRICE REDUCED! Master-leased Student Housing Property 1 block from USC. Offered at a true 6.5% Cap Rate with realistic upside to a 7.5% Cap Rate! We are pleased to present the new construction, fully-stabilized USC student housing investment property located at 1158 West 37th Street in Los Angeles, CA 90007. The property is less than one mile from the University of Southern California’s main University Park campus within the USC DPS security zone and is in a popular student housing rental neighborhood. The property has 5 units and 19 total bedrooms consisting of two brand-new construction 3 bed/3 bath units, a brand-new construction 3 bed/3 bath unit with a den, and two fully renovated 5 bed/5 bath units. The property is master-leased until 2027 offering a buyer security of income and easy management. In addition to its proximity to USC, the property benefits from being walking distance to a Metro Expo Line station offering a short commute to Downtown Los Angeles and the Westside. The property is also nearby to Exposition Park, home of the world-famous LA Coliseum, the new LAFC Stadium and the new George Lucas Museum of Narrative Art. Exposition Park will play host to many key activities and events in the upcoming 2026 World Cup and the 2028 LA Olympics.

Listing Information

List Price $3,990,000
Status Pending
MLS PW24118738
Type Residential Income
Subtype Apartment
Year Built 1903
Lot Size 7,249
Structure Size N/A
DOM 139
Courtesy Of Younglewin Advisors, Inc.
Listing Agent Daniel Lewin DRE#01932742

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Daniel Lewin, Younglewin Advisors, Inc. 424-224-9344. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 6:01 PM 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.