Skip To Content
    Return to Previous Page

    1211 W 37Th Dr

    Los Angeles, CA 90007
    • $2,660,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: 20-607250
    UPDATED: 27 min ago
    $2,660,000
    • 17
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,728
      SQFT
    • $464
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this six(6) unit, 17-bedroom + 6-bathroom Student Housing investment opportunity, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1964, with approximately 5,728 rentable square feet on a 6,600 square foot lot. The investment is comprised of a unit mix consisting of five(5) 3-bedroom + 1-bathroom units, & one (1) 2-bedroom + 1-bathroom unit. Units have been updated, remodeled, and include hardwood floors, new kitchen appliances, air conditioning, ten(10) on-site parking spaces, and on-site laundry for additional income.The investment is 100% occupied with USC students, and fully leased for the 2020-2021 academic school year. Tenants pay for all gas, electricity, trash, and water. All Students for 2020-21 have moved in and there are no vacant units or deferred rent payment for ensuing school year.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T16:42:53.05. 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.randyplaice.com/homes/108080955
    Print Image

    1211 W 37Th Dr Los Angeles, CA 90007

    • Price: $2,660,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 20-607250
    17
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,728
    SQFT
    $464
    $/SQFT
    1964
    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, 17-bedroom + 6-bathroom Student Housing investment opportunity, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1964, with approximately 5,728 rentable square feet on a 6,600 square foot lot. The investment is comprised of a unit mix consisting of five(5) 3-bedroom + 1-bathroom units, & one (1) 2-bedroom + 1-bathroom unit. Units have been updated, remodeled, and include hardwood floors, new kitchen appliances, air conditioning, ten(10) on-site parking spaces, and on-site laundry for additional income.The investment is 100% occupied with USC students, and fully leased for the 2020-2021 academic school year. Tenants pay for all gas, electricity, trash, and water. All Students for 2020-21 have moved in and there are no vacant units or deferred rent payment for ensuing school year.
    Exterior Features

    Lot Size Area 6600 Other Structures None Parking Garage GatedPrivate Total Parking 10

    Interior Features

    Baths Total 6.00 Cooling Air ConditioningCeiling Fan Equipment Ceiling FanDishwasherGarbage DisposalMicrowaveRange/OvenRefrigerator Heating None

    Property Features

    Assessed Total Value 1037805 Gross Income 201000 Gross Operating Income 197016 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 155209.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Total Annual Expense 41807 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 2020-09-22T16:42:53.05. 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_20-607250-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-607250-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-607250-2.jpg
    Logo
    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355