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.
Property Details
Price:
$1,150,000
MLS #:
24454851
Status:
Active
Beds:
2
Baths:
1
Address:
1572 W 37th Place
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Oct 19, 2024
State:
CA
Finished Sq Ft:
1,168
ZIP:
90018
Lot Size:
5,411 sqft / 0.12 acres (approx)
Year Built:
1915
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Schools
Interior
Cooling
None
Fireplace Features
None
Flooring
Tile, Laminate
Heating
None
Exterior
Parking Features
Driveway
Parking Spots
2.00
Pool Features
None
Spa Features
None
Stories Total
1
View
None
Financial
Map
Community
- Address1572 W 37th Place Los Angeles CA
- AreaC34 – Los Angeles Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
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1572 W 37th Place
Los Angeles, CA
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