1539 W 37th Pl - Apartments FOR SALE


Los Angeles, CA 90018- South Central LA
$2,900,000 USD
562-577-1138
1539 W 37th Pl, Los Angeles, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/12
null | 8.55% Cap Rate

1539 W 37th Pl
Los Angeles, CA 90018
South Central LA


HIGHLIGHTS

  • Premier New Construction Built in 2023 Walking Distance to USC Campus, Exposition Park, BMO Stadium, LA Coliseum, and numerous restaurants and shops
  • Priced to Sell with a CAP Rate of 8.55% on Current In-Place Income and 9.34 GRM will provide great cash flow Day 1!
  • Turnkey Operation provides a Hassle-Free Investment Opportunity Eliminating the Need for Costly Renovations, can be sold with management in-place
  • Co-Living/Student Housing Investment Opportunity Leased out to Long-term Tenants that always pay on time, with almost 15% Upside in Rental Income
  • Premier construction with new hardwood floors, stainless steel kitchen appliances, glass enclosed showers, quartz counter tops, in-unit washer & dryer
  • 22 Bedrooms All with Private En-Suite Bathrooms Rented Individually to USC Students and Young Professionals

OVERVIEW

Built in 2023, this new construction investment opportunity promises to be the best deal in all of Los Angeles with a super high Current In-place Cap Rate of 8.55% and a GIM of 9.34x's. We are pleased to offer this Co-Living apartment complex, located in the highly desirable 90018 zip code, and walking distance to the University of Southern California campus (USC). The investment has very low expenses due to the fact it's practically new and doesn't need every toilet and window replaced like most properties for sale in this submarket. It is now priced to sell very fast as the Seller has identified his replacement property and is ready to make a deal. With only a 35% Down Payment this investment will cash flow on Day 1 and is poised to appreciate in value right away. The property features (22) Bedrooms All with Private En-Suite Bathrooms rented individually on long-term leases. This upscale turnkey premier construction investment features hardwood floors, stainless steel kitchen appliances, quartz counter tops, glass enclosed showers, in-unit washer & dryers, new roof/copper plumbing (less than 2 years old), double pane windows, individually metered for all utilities: gas, electricity, & water and high-end finishes throughout the units. The building is approximately 6,630 rentable square feet on a 6,051 square foot lot, consisting of (1) 13-bedroom + 13-bathroom and (1) 9-bedroom + 9-bathroom units. This asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The property can be acquired with the current management in place for an management expense for a true hassle-free turnkey investment. A new owner can also self manage the property keeping the expenses low and the cash flow as high as it is right now. There are numerous investment strategies for this investment that will not last long on the market with this insanely high CAP Rate and Return on Investment that is head and shoulders above all other investment opportunities that are available for sale on the market right now. Call listing agent right now to make a deal before it's gone.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,450,000

CAP RATE

8.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huge Price Adjustment-8.55% Current CAP Rate!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,893 SF

ZONING

R2

APN/PARCEL ID

5041-027-022

ASK ABOUT THIS PROPERTY

James TorresKW CommercialMore Info
562-577-1138

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James TorresKW CommercialMore Info
562-577-1138

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