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$2,999,000
Listing Price18beds
12baths
5,355sqft
7,000sqft lot
1325 W 37th Pl, Los Angeles, CA 90007
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Located just two blocks from the University of Southern California (USC), in the USC Patrol Zone. This modern 3-unit, 18-bedroom student housing property is priced under $167k per door, offering an exceptional investment opportunity in one of the most sought-after rental markets in Los Angeles. Built in 2017, the property features contemporary finishes, spacious layouts, and in-unit amenities tailored to meet the needs of todays students. Fully leased at $17,665 per month and 13.8 GRM, the property presents significant rental upside to a 10 GRM or better. A new owner can capitalize on the strong demand for quality student housing in the USC area by bringing rents up to market and maximize cash flow and returns. With its unbeatable location, modern construction, and value-add opportunity, this asset is perfectly positioned for both immediate income and long-term appreciation. Dont miss out on this opportunity to own a turnkey, high-yield student housing properties a stones throw from USC; one of the Nations Most Esteemed Universities.
Interior Details
5355
18
12
Has Heating:
Yes
Heating Type:
Central
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
7000
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Triplex
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$31,737
$1,632,000
$1,071,000
--%
$2,703,000
2019
$31,737
$1,600,000
$1,050,000
--%
$2,650,000
2018
$6,501
$416,160
$104,040
--%
$520,200
2017
$6,363
$408,000
$102,000
--%
$510,000
2016
$4,535
$246,646
$113,407
--%
$360,053
2014
$3,065
$177,982
$52,421
--%
$230,403
2013
$3,060
$177,178
$52,185
--%
$229,363
2012
$2,255
$173,704
$51,162
--%
$224,866
Average Home Price in 90007
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles


