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1366 W 37th Place

Los Angeles (City), CA 90007
  • $1,150,000
  • STATUS: Active
  • ON SITE: 126 Days
  • ID#: 24409041
UPDATED: 67 min ago
$1,150,000
  • 10
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,678
    SQFT
  • $313
    $/SQFT
Type:
Multi-Family
Built:
1904
County:

School Ratings & Info

Listing Agent(s): Darin Spillman of Kidder Mathews of California, Inc. (310-312-2800)


Description

PRICE REDUCED BY $200K. 6-unit apartment building located within the USC Patrol Zone. The property is located 2.5 blocks west of the USC Campus and currently has two vacant 1 bedroom bungalow-style units. With an ideal unit mix of four 1 bedroom 1 bath, one 3 bedroom 1 bath, and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy to student housing. 2.5 blocks away from this property, the $1 Billion dollar Lucas Museum's structure is taking shape. The 5-story museum includes 300,000 SF of exhibition space, which will house the 100,000-piece collection of George Lucas' paintings, sculpture, photographs and other forms of art related to film. Next to the Lucas Museum stands the L.A. Coliseum, site of the 2028 Olympic Games.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-01T18:36:32.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/152092596
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1366 W 37th Place Los Angeles (City), CA 90007

  • Price: $1,150,000
  • Status: Active
  • On Site: 126 Days
  • Updated: 67 min ago
  • ID#: 24409041
10
Beds
0
Baths
0
½ Baths
0.15
Acres
3,678
SQFT
$313
$/SQFT
1904
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
PRICE REDUCED BY $200K. 6-unit apartment building located within the USC Patrol Zone. The property is located 2.5 blocks west of the USC Campus and currently has two vacant 1 bedroom bungalow-style units. With an ideal unit mix of four 1 bedroom 1 bath, one 3 bedroom 1 bath, and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy to student housing. 2.5 blocks away from this property, the $1 Billion dollar Lucas Museum's structure is taking shape. The 5-story museum includes 300,000 SF of exhibition space, which will house the 100,000-piece collection of George Lucas' paintings, sculpture, photographs and other forms of art related to film. Next to the Lucas Museum stands the L.A. Coliseum, site of the 2028 Olympic Games.
Exterior Features

Parking Features None Parking Total 0

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Buyer Financing Conventional Cap Rate 4.4 Gross Income 97212 Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 59134 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-01T18:36:32.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Darin Spillman of Kidder Mathews of California, Inc. (310-312-2800)