1158 W 37th Street, Los Angeles, CA 90007
Property · 2 recorded sales since 2020
Sold November 2024
Listing Agent: Daniel Lewin (DRE #01932742) · Listing Office: Younglewin Advisors, Inc. · Contact: 424-224-9344 · Bought with: Daniel Lewin · Younglewin Advisors, Inc. · MLS #PW24118738 · Source: CRMLS
About this property
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 California’s 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.
Listing description from the November 2024 sale, as reported to CRMLS.
Sale history
