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Property Description

We are pleased to present the opportunity to acquire this Ready-to-Issue Student Housing Construction project of 3 Residential Units totaling 30bd + 30bths, a couple of blocks away from the University of Southern California (USC). Located on 1574 W. 37th Street, this project will be delivered RTI prior to closing. The 3-story design consists of 2 residential units(10bd + 10bth each) + 1 ADU(10bd + 10bth) fully stacked with identical floor plans totaling 8,676 SF of rentable square footage. The property benefits from a straightforward construction process, which will help any developer save on costs and expedite project completion. Expertly designed for co-living, each floor has ample living space for the tenants to enjoy as well as a private bathroom in each bedroom suite. The site comes with an SB8 Determination Letter that states that no affordable units are required in the new development! In addition to renting to students, the property also offers dual-use potential: it can be rented to affordable housing programs, with the possibility of earning up to $1,200 per room in rent (Buyer to Verify).The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. Please contact listing agent for more details!

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Additional Information
Keller Williams Beverly Hills
0
CLW-C136898
CLW-X74054
Adam
5041026021
: Standard
One

Single Family Residence For Sale

1574 37th Street, Los Angeles, California 90018

2 Bedrooms
1 Bathrooms (Full)
864 Sqft
$1,250,000
Listing ID #24428835
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Single Family Residence
Listing Type : For Sale
Listing ID : 24428835
Price : $1,250,000
Bedrooms : 2
Bathrooms : 1
Living Area : 864 Sqft
Lot Size : 6,186 Sqft
Year Built : 1915
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90018
Price Per Square Foot : $1,447
Bathrooms (Full) : 1
ModificationTimestamp : 2024-08-27 06:33:33
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