1177 W 37th Place

    Los Angeles (City), CA 90007
    • $1,550,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: PW19199894
    UPDATED: 55 min ago
    $1,550,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,034
      SQFT
    • $511
      $/SQFT
    Type:
    Multi-Family
    Built:
    1903
    County:

    School Ratings & Info

    Description

    Prime student housing development opportunity in the coveted 90007 zip code of Los Angeles, CA. Less than one block from the main University Park campus of the University of Southern California, the property is in an unbeatable student housing location. Within the CSC and DPS patrol Zones. Delivered fully vacant.The offering consists of an existing duplex situated on a 7,000 square foot lot zoned LARD1.5. The duplex will be delivered vacant and is likely a teardown. RD1.5 zoning allows for one dwelling unit to be built per 1,500 square feet of lot space which equates to a maximum density of four new construction units for a developer (buyer to verify). Property is also Tier 3 TOC eligible which would allow a buyer significant development bonuses (buyer to verify). The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the $1 Billion George Lucas Narrative Art museum that recently broke ground. USC recently completed (less than a mile from the subject property) the $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T23:37:29.343. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98160080

    1177 W 37th Place Los Angeles (City), CA 90007

    • Price: $1,550,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: PW19199894
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,034
    SQFT
    $511
    $/SQFT
    1903
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    Prime student housing development opportunity in the coveted 90007 zip code of Los Angeles, CA. Less than one block from the main University Park campus of the University of Southern California, the property is in an unbeatable student housing location. Within the CSC and DPS patrol Zones. Delivered fully vacant.The offering consists of an existing duplex situated on a 7,000 square foot lot zoned LARD1.5. The duplex will be delivered vacant and is likely a teardown. RD1.5 zoning allows for one dwelling unit to be built per 1,500 square feet of lot space which equates to a maximum density of four new construction units for a developer (buyer to verify). Property is also Tier 3 TOC eligible which would allow a buyer significant development bonuses (buyer to verify). The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the $1 Billion George Lucas Narrative Art museum that recently broke ground. USC recently completed (less than a mile from the subject property) the $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces.
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot 6500-9999Rectangular LotLevelNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 0.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Probate Listing Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Daniel Lewin of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T23:37:29.343. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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