$1,200,000
For Sale

1572 W 37th Place

Los Angeles, CA 90018
1168 sqft | 2 beds | 1 bath | 0.12 acres | #24454851
Listing OfficeStanfles Realty
Browse 3 photos
Type:Purchase
Structure:House
Zone:Residential

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.

  • Property Details
      • Property SubtypeSingleFamilyResidence
      • CountyLos Angeles
      • Original List Price$1,200,000
      • Property TypePurchase
      • MLS #24454851
      • MLS #24454851
      • Cost1200000
      • Acres0.1242
      • Square Feet1168
      • Year Built1915
      • Bedrooms2
      • Bathrooms1
      • Full Baths1
      • Stories1

Location

Pamela BriggsThe Briggs Team
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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