Skip To Content

    1161 W 37Th Dr

    Los Angeles, CA 90007
    • $2,995,000
    • STATUS: Active
    • ON SITE: 68 days
    • MLS #: 21-703184
    UPDATED: 42 min ago
    $2,995,000
    • 16
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,436
      SQFT
    • $675
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this six (6) unit, sixteen (16) bedroom, student housing investment opportunity, located 1 block to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1913, and fully updated/remodeled throughout, with approximately 4,436 rentable square feet on a 6,951 square foot lot. The investment is comprised of three (3) separate structures, with a unit mix consisting of four (4) 3+3 units, one (1) 2+1 unit, and one (1) 2+2 unit. The Property is 100% occupied, and cash flows extremely well at $20,850/month

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T18:42:57.093. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/114919015
    Print Image

    1161 W 37Th Dr Los Angeles, CA 90007

    • Price: $2,995,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 21-703184
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,436
    SQFT
    $675
    $/SQFT
    1913
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    We are pleased to offer for sale this six (6) unit, sixteen (16) bedroom, student housing investment opportunity, located 1 block to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1913, and fully updated/remodeled throughout, with approximately 4,436 rentable square feet on a 6,951 square foot lot. The investment is comprised of three (3) separate structures, with a unit mix consisting of four (4) 3+3 units, one (1) 2+1 unit, and one (1) 2+2 unit. The Property is 100% occupied, and cash flows extremely well at $20,850/month
    Exterior Features

    Lot Size Area 6951 Other Structures None Parking Garage None Total Parking 5

    Interior Features

    Baths Total 15.00 Cooling Air ConditioningWall/Window Equipment None Flooring Hardwood Heating None Laundry Outside

    Property Features

    Assessed Total Value 931999 Gross Income 250200 Gross Operating Income 247716 Like Units1 4 Like Units2 1 Like Units3 1 Net Operating Income 193224.00 Number Of Buildings 3 Number Of Units 6 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Total Annual Expense 54492 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T18:42:57.093. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-703184-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-703184-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-703184-2.jpg
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260