1158 W 37th Street, Los Angeles, CA

$3,990,000

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16

Beds

16

Baths

0.17

Acres

About 1158 W 37th Street

PRICE REDUCED! Master-leased Student Housing Property 1 block from USC. Offered at a true 6.5% Cap Rate with realistic upside to a 7.5% Cap Rate! We are pleased to present the new construction, fully-stabilized USC student housing investment property located at 1158 West 37th Street in Los Angeles, CA 90007. The property is less than one mile from the University of Southern Californias main University Park campus within the USC DPS security zone and is in a popular student housing rental neighborhood. The property has 5 units and 19 total bedrooms consisting of two brand-new construction 3 bed/3 bath units, a brand-new construction 3 bed/3 bath unit with a den, and two fully renovated 5 bed/5 bath units. The property is master-leased until 2027 offering a buyer security of income and easy management. In addition to its proximity to USC, the property benefits from being walking distance to a Metro Expo Line station offering a short commute to Downtown Los Angeles and the Westside. The property is also nearby to Exposition Park, home of the world-famous LA Coliseum, the new LAFC Stadium and the new George Lucas Museum of Narrative Art. Exposition Park will play host to many key activities and events in the upcoming 2026 World Cup and the 2028 LA Olympics.

Features of 1158 W 37th Street

MLS® # PW24118738
Price $3,990,000
Bedrooms 16
Bathrooms 16.00
Acres 0.17
Type Residential Income
Status Closed

Community Information

Address 1158 W 37th Street
City Los Angeles
County Los Angeles
State CA
Zip Code 90007

Amenities

Is Waterfront No
Has Pool No
Pool N/K

Interior

Fireplace Yes

Exterior

Lot Description Curbs

Additional Information

Date Listed June 10th, 2024
Days on Market 140
Zoning Assessor
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeYounglewin Advisors, Inc.

Listing Map

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