1572 W 37th Place Los Angeles, CA 90018

2 Beds
1 Bath
1,168 Sqft
5,410 Sqft lot
0.12 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1915
Days on Website: 62

Property listed by Stanfles Realty, Jin Lee

Description

We are excited to offer a unique opportunity to acquire an opportunity to build a premier student housing development, just two blocks from the University of Southern California (USC). Situated at 1572 W. 37th Street, this project features 3 residential units totaling 25 bedrooms and 25 bathrooms across 5 distinct units. The project will be delivered RTI (Ready-to-Issue permits) prior to closing. The 3-story building design includes two residential units, with 17 bedrooms and 17 bathrooms. Additionally, there are two detached ADUs, each with 8 bedrooms and 8 bathrooms, totaling 8,590 square feet of rentable space. This project offers a streamlined construction process, allowing developers to reduce costs and accelerate completion. Purpose-built for co-living, every floor provides spacious common areas and each bedroom comes with its own private bathroom, ensuring tenant comfort and privacy. Beyond its student housing potential, this property offers flexibility, with the option to rent to affordable housing programs has potentially steady rental income. With its highly desirable location near USC, tenants will enjoy easy access to campus, University Village, and all the amenities that the area offers. Don't miss out on this opportunity contact the listing agent for further details! Please note that the buyer is responsible for conducting all due diligence regarding property conditions, zoning. SOLD AS IS. Buyer to verify all permits and records with city.

Open House

Property Details and Features

  • 1 full bathroom
  • 1 total bathroom
  • 2 total bedrooms
  • Built in 1915
  • Building area total: 1,168
  • Levels: One
  • Living area: 1168
  • 1 story
  • Common walls: NoCommonWalls
  • None
  • None
  • Laminate
  • Tile
  • None
  • Inside
  • ListingID: 24454851
  • Standard status: Active
  • 46 days on market
  • Country: US
  • 0.1242 acres
  • 5,411 square feet
  • Size: 5,411
  • 2 totals parking
  • Driveway
  • None
  • Zoning: LAR2
  • None
  • None