1164 W 37TH Place

    Los Angeles (City), CA 90007
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 151 days
    • ID#: 18363246
    Under Contract
    UPDATED: 26 min ago
    $1,150,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,750
      SQFT
    • $657
      $/SQFT
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    This charming single family investment offering is optimized for student rentals amid a dense student population just steps from USC and commercial shopping centers that service the collegiate lifestyle. The current structure, estimated at 1750 SF, buyer to verify, has been efficiently and tastefully remodeled to accommodate 5 bedding rooms, with each room rented for $1000 per month starting August 2018. Potential for additional rental upside exists by adding amenity upgrades. Additionally, this property is situated on a large 7001 SF lot that is Zoned LARD 2, making for the potential to add units in back, or tear down and build ground up for maximum FAR density. In total, based on recent sales, current available properties, and the special features this property has, this asset presents a unique and compelling value at the listing price.++G++G+-++G++G

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T20:28:17.45. 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. Licensed in the State of California, USA.
    www.teamforss.com/homes/85467477

    1164 W 37TH Place Los Angeles (City), CA 90007

    • Price: $1,150,000
    • Status: Active Under Contract
    • Updated: 26 min ago
    • ID#: 18363246
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1,750
    SQFT
    $657
    $/SQFT
    1905
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    This charming single family investment offering is optimized for student rentals amid a dense student population just steps from USC and commercial shopping centers that service the collegiate lifestyle. The current structure, estimated at 1750 SF, buyer to verify, has been efficiently and tastefully remodeled to accommodate 5 bedding rooms, with each room rented for $1000 per month starting August 2018. Potential for additional rental upside exists by adding amenity upgrades. Additionally, this property is situated on a large 7001 SF lot that is Zoned LARD 2, making for the potential to add units in back, or tear down and build ground up for maximum FAR density. In total, based on recent sales, current available properties, and the special features this property has, this asset presents a unique and compelling value at the listing price.++G++G+-++G++G
    Exterior Features

    Garage Spaces 4.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking Total 4.00 Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.75 Gross Multiplier 19.17 Gross Operating Income 60000.00 Improvements Amount 113636 Insurance Expense 1200.00 Land Value 156925 Laundry YN Yes Maintenance Expense 750.00 Net Operating Income 43090.00 Special Listing Conditions Standard Total Expenses 16910.00 Zoning Lard2

    Listing provided courtesy of Scott Rosenberg of Re/Max Estate Properties and Casey Lins of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T20:28:17.45. 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. Licensed in the State of California, USA.
     
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