1366 W 37th Pl - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$990,000 USD
310-592-8269
1366 W 37th Pl, Los Angeles, CA for Sale
$990,000 USD
Apartments - FOR SALE
1/7
null | 6.62% Cap Rate

1366 W 37th Pl
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • 2 vacant units
  • 6 units / (4) 1BR/1BA; (1) 3BR/1BA; (1) 3BR/2BA
  • Situated within USC Patrol Zone
  • 2.5 blocks from USC Campus
  • RD2-1 Zoning / Tier 3 T.O.C. allows for up to 6 units by right
  • Walking distance to Expo/Western and Expo/Vermont light rail stations

OVERVIEW

2nd PRICE REDUCTION! Kidder Mathews, as exclusive listing agent, is pleased to present for sale 1366 W 37th Place, a 6-unit apartment building located within the USC Patrol Zone. The property is located 2.5 blocks west of the USC Campus and currently has two vacant 1 bedroom bungalow-style units. With an ideal unit mix of four 1 bedroom 1 bath, one 3 bedroom 1 bath, and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy to student housing. 2.5 blocks away from this property, the $1 Billion dollar Lucas Museum's structure is taking shape. The 5-story museum includes 300,000 SF of exhibition space, which will house the 100,000-piece collection of George Lucas’ paintings, sculpture, photographs and other forms of art related to film. Next to the Lucas Museum stands the L.A. Coliseum, site of the 2028 Olympic Games. Email listing agent for offering memorandum.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,000

CAP RATE

6.62%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Units with 2 Vacancies in USC Patrol Zone

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,621 SF

ZONING

LARD2

APN/PARCEL ID

5040-011-005

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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

Darin SpillmanKidder MathewsMore Info
310-592-8269

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