1205 W 37th Dr - Apartments FOR SALE


Los Angeles, CA 90007- Koreatown
$3,750,000 USD
310-902-8977
1205 W 37th Dr, Los Angeles, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/3
null | 5.4% Cap Rate

1205 W 37th Dr
Los Angeles, CA 90007
Koreatown


HIGHLIGHTS

  • 100% Leased to USC students
  • Located in the USC DPS Security Zone
  • Walking distance to Metro Expo Line

OVERVIEW

McAlpin & Company is pleased to present an opportunity to invest in USC student housing. It is located within a mile of the main campus and within a couple of blocks of the Metro Expo Line. The asset consists of two buildings. There is a completely renovated, 5-bedroom 5-bathroom single family residence at the front of the lot with each bedroom being rented out individually. Right behind it is a 3 story Duplex and ADU. The Duplex was built in 2020 and is comprised of (2) 3-bedroom 3-bathroom units. The ADU, which was completed in 2023, is also 3 bedrooms and 3 bathrooms. The entire complex is leased to USC students. There is high demand for newer, updated student housing, which makes this investment even more attractive. The location is situated in the USC DPS security zone, which provides tenants and owners with peace of mind. The site is also within walking distance to the Metro Expo Line station offering easy access to everything LA, from the beach to DTLA. It is also a stone's throw from the LA Coliseum, home of the USC Trojan Football team, the LAFC Soccer Stadium, Exposition Park, the Natural History Museum of LA County and the George Lucas Museum of Narrative Art.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$703 USD /SF

# OF UNITS

4

PRICE/UNIT

$937,500

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RD2

APN/PARCEL ID

5040-014-020

ASK ABOUT THIS PROPERTY

Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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