1258 West 37th Drive Los Angeles, CA $ 3,100,000
1258 West 37th Drive
$ 3,100,000
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1258 West 37th Drive

Los Angeles, CA, 90007
$ 3,100,000
Baths0.0 Sq 4,161

Monthly Estimate*

$ 21,654

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $3,100,000. This 4,161 square foot home was built in 1906 on a lot size of 0.1.

Newly constructed 13-bed student housing investment opportunity located two blocks west of the University ofSouthern California, within the USC Department of Public Safety 24 Hour Patrol Zone.Designed and developed by Tripalink, a leading student housing operator with a proven track record of deliveringbest-in-class off-campus housing and providing tenants with an unparalleled housing experience through their techdrivenand data-oriented operation and development model.The property features a three-story duplex in the front and a free-standing ADU in the rear. The duplex wasbuilt in 2022, and the ADU was completed in 2024. The duplex consistslex consists of a two-bedroom twobathroomtownhouse unit with four single beds in the front and a two-bedroom two-bathroom townhouse unitwith six single beds in the rear. The ADU is a three bedroom, three bathroom leased as three single beds.Half-mile walk to the main University Park Campus of USC and less than a mile from USC Village.Down the street from the Expo/Vermont metro rail station, allowing residents an easy commute to Downtown LosAngeles, Mid-City, and the Westside outside of their daily commute to campus.Designed with a co-living philosophy and meticulously constructed with operational efficiency and a superior tenantexperience in mind.All bedrooms were designed as co-living private suites and feature a private bathroom in addition to being securedby Smart Locks and Virtual Key Cards, powered by Tripalink's propriety mobile app and tenant portal.All bedrooms and common areas are delivered furnished to residents upon move-in and feature in-unit laundry andexpansive kitchens; in addition to tenant-centric amenities such as bi-weekly cleaning of the common areas, WiFicoverage, covered utilities, 24/7 maintenance and community events.Prime opportunity to acquire a newly built, recession-proof passive investment with no deferred maintenance andstrong in-place income.

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Multi-Family Active

Price

$ 3,100,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1

Year Built

1906

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024379147

Features
General
Sewer None
Heating Wall Furnace
Zoning LARD2
Year Built 1906
Levels Multi/Split
County Los Angeles
Net Operating Income 183917.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Los Angeles
Buyer Agent Compensation 2.00
Senior Community Y/N No
MLS Area C34 - Los Angeles SW
Lot Size Square Feet 4319.0
Street Name 37th
Standard Status Active
Buyer Agent Compensation Type %
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Exterior
Lot Size Area 4319.0
Building Area Total 4161.0
Lot Dimensions 40x108
Lot Size Acres 0.1
Lot Size Units Square Feet
Land Lease Type Fee
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Interior
Total Stories 3
Heating Y/N Yes
Street Suffix Drive
Total Baths 0
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* Excluded Features
List By
Neema Ahadian

Listing Agent

Marcus & Millichap

Broker

Affordability Calculator

$21,654
Per Month
100%
0%
0%
Monthly Principal & Interest
$21,654
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/12/2024$3,100,000 Listed Price

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1258 West 37th Drive, Los Angeles, CA, 90007 is a Multi-Family Home for sale at $3,100,000 with 4,161 sqft and a lot size of 0.1. 1258 West 37th Drive is a studio with 0.0 baths and was built in 1906. The property's zip code is 90007 which is in Los Angeles, CA