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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 1,200,000

Est. payment -/mo

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Active

1572 W 37th PL Los Angeles, CA 90018

2 Beds

1 Bath

1,168 SqFt

UPDATED:

10/27/2024 12:07 PM

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 $1,027

MLS Listing ID 24454851

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1915

Lot Size 5,410 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR2

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Heating None

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Laundry Inside

Exterior

Garage Driveway

Pool None

View Y/N No

View None

Parking Type Driveway

Total Parking Spaces 2

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5041033023

Special Listing Condition Standard

Listed by Jin Lee • Stanfles Realty

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

1572 W 37th PL Los Angeles, CA 90018

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1572 W 37th PL