1329 W 37th Place, Los Angeles, CA 90007

Property Description

We are pleased to present a 3-unit 2020-constructed residential investment property located in the highly desirable USC/Exposition Park area at 1329–1331 1/2 W. 37th Place, Los Angeles, CA 90007. This property consists of 3-units and total of 10 spacious Bedrooms and 15 Bathrooms. The property is currently generating over $15,000 per month with room for growth. The property is over 5,900 square feet and at the list price is less than $300/SF for 2020 construction - well below replacement cost. Strategically situated near the University of Southern California (USC), Exposition Park, public transportation, shopping, dining, and major employment centers, the property is well-positioned to benefit from continued demand for student-oriented and flexible residential housing. Its proximity to USC provides an attractive opportunity for investors seeking rental income from the university-area housing market. The property is built with highest in construction quality and standards. Viewing some of the building systems from the exterior, the craftsmanship and care in construction is abundantly clear. The property also has 6 parking spaces in the rear of the property, which is accessible from the alley. Having parking in this area is extremely rare and a premium. All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.