1212 W 37th Dr - Multi-Family FOR SALE


Los Angeles, CA 90007- Koreatown
$2,600,000 USD
818-321-6490
1212 W 37th Dr, Los Angeles, CA for Sale
$2,600,000 USD
Multi-Family - FOR SALE
1/2
null | 6.36% Cap Rate

1212 W 37th Dr
Los Angeles, CA 90007
Koreatown


HIGHLIGHTS

  • USC Student Housing Investment Opportunity!
  • Recently built in 2019!
  • Easy access to public transportation!
  • Only 1 block away from USC!
  • Large units!
  • 5 on-site parking spots available!

OVERVIEW

This modern triplex, built in 2019, is a prime investment opportunity near the University of Southern California, making it an ideal choice for USC student housing. With 6,000 sq. ft. of rentable area situated on a 7,519 sq. ft. lot, the property offers ample space and on-site parking. The fully gated and secured building provides peace of mind while ensuring privacy and safety for tenants. Its location is unbeatable, with easy access to USC and a variety of nearby amenities, from dining and entertainment to shops and public transport. The triplex features three spacious units, including a 4-bedroom, 4-bathroom unit (Occupied with USC students) and a 5-bedroom, 5-bathroom unit (Occupied by USC Students), both located on the second floor. The ground floor boasts a large 4-bedroom, 4-bathroom unit, which offers the unique opportunity to expand with the addition of three more bedrooms and bathrooms (Unit to be delivered vacant). This property offers incredible potential in the USC student housing market.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

3

PRICE/UNIT

$866,667

CAP RATE

6.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

37th Dr Student Housing Opportunity!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,519 SF

ZONING

LARD2

APN/PARCEL ID

5040-013-027

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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