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$1,200,000
Est. payment /mo
2 Beds
1 Bath
1,168 SqFt
UPDATED:
12/05/2024 03:28 AM
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
Interior
Heating None
Cooling None
Flooring Laminate, Tile
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Laundry Inside
Exterior
Parking Features Driveway
Pool None
View Y/N No
View None
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
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Listed by Jin Lee • Stanfles Realty