Los Angeles, CA 90018,1572 W 37th Place
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Los Angeles, CA 90018,1572 W 37th Place
Los Angeles, CA 90018,1572 W 37th Place
Los Angeles, CA 90018,1572 W 37th Place
Los Angeles, CA 90018,1572 W 37th Place
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$ 1,095,000
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1572 W 37th Place Los Angeles, CA 90018

26 Beds

26 Baths

1,168 SqFt


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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,168 sqft

Price per Sqft $937

MLS Listing ID CL25541021

Bedrooms 26

Full Baths 26

HOA Y/N No

Year Built 1915

Lot Size 5,411 Sqft

Acres 0.1242

Property Sub-Type Single Family Residence

Property Description

We are pleased to present the opportunity to acquire this Ready-to-Issue Student Housing Construction project of 5 Residential Units totaling 26bd + 26bths, a couple of blocks away from the University of Southern California (USC). Located on 1572 W. 37th Place, this project will be delivered RTI permits prior to closing. The design consists of a large duplex + JADU(3 6bd +6bth units) in the front of the lot, with an additional 2 detached ADUs(4bd + 4bth Each) in the rear, with the development totaling 6,774 SF of rentable square footage. The property benefits from a straightforward construction process, which will help any developer save on costs and expedite project completion. Expertly designed for co-living, each floor has ample living space for the tenants to enjoy as well as a private bathroom in each bedroom suite. In addition to renting to students, the property also offers dual-use potential: it can be rented to affordable housing programs, with the possibility of earning up to $1,200 per room in rent (Buyer to Verify). The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. Please contact listing agent for more details!

Location

State CA

County Los Angeles

Zoning LAR2

Interior

Fireplace No

Laundry See Remarks

Exterior

Pool None

Total Parking Spaces 2

Private Pool false

Building

Story 1

Architectural Style See Remarks

Level or Stories One Story

New Construction No

Others

Tax ID 5041033023


Bridge MLS
Listed by Adam Shamooelian • Keller Williams Beverly Hills
agent

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

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1572 W 37th Place