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1325 W 37th Place, Los Angeles, CA 90007

$2,999,000
Multi Family MLS# RS17170724 ID: 46722663
$2,999,000 Get Rates

Newly constructed USC student housing development. New construction of 3 detached houses that each offer 6 beds and 3 1/2 baths for student rentals. Each of the 18 beds is projected to lease for a conservative $900 per month, totaling a phenomenal $194,900 projected yearly Gross Income, which after deducting a realistic 30% for expenses, gives you a NOI of $136,080 and a 4.5% cap rate for a newly built project. The units are separately metered for gas and electricity, and tenants are typically responsible for paying all utility expenses. These 3 two-story houses feature top-of-the line amenities for students. Bedrooms have adjacent bathrooms, which is an especially attractive feature for student tenants. All units have a common living area, a shared kitchen and in-unit laundry facility. Additionally, each unit has its own HVAC, and there are six total parking spaces on the property. The property is less than a quarter-mile from USC, within the USC Department of Public Safety (DPS) Patrol and Response Area.

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Location Information near 1325 W 37th Place
Offered by Luis Guevara at Keller Williams Pacific Estate

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Property Features for 1325 W 37th Place
Status
Market Status
Available
Last Updated
August 18, 2017
Description
Property Type
Multi Family
Year Built
2017
Stories
2.0

Building Features

  • Cooling System: Central Air Conditioning
  • Dwelling Faces: Southern Exposure

Community Info

  • Home Owner Asso.: Sidewalks, Street Lights

Exterior Features

  • Parking: Private Parking

Interior Features

  • Interior Construction: Indoor Laundry Room

Location

  • MLS Area: C34 - Los Angeles Southwest
  • Luis Guevara
  • Keller Williams Pacific Estate

Data Provided by:
California Regional Multiple Listing Service

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More information about this $2,999,000 Multi Family at 1325 W 37th Place

This $2,999,000 Multi Family at 1325 W 37th Place in Los Angeles, CA is presented by Luis Guevara. This $2,999,000 Multi Family, located in the 90007 zip code, has the following property features: MLS Area, Dwelling Faces, Cooling System, Parking. This 1325 W 37th Place Multi Family, located in Los Angeles County , is listed under MLS listing number RS17170724 and has a listing price of $2,999,000. You can find more LOS ANGELES homes for sale here.