Los Angeles, CA 90007 1258 W 37th Drive

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Presented By: Neema Ahadian with Marcus & Millichap;
  • MLS# 24379147
  • 04/12/2024
  • Request Tour
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  • BedBeds • 7
  • BathBaths • 7
  • FootageSQFT • 4,161

Home Details

Newly constructed 13-bed student housing investment opportunity located two blocks west of the University ofSouthern California, within the USC Department of Public Safety 24 Hour Patrol Zone.Designed and developed by Tripalink, a leading student housing operator with a proven track record of deliveringbest-in-class off-campus housing and providing tenants with an unparalleled housing experience through their techdrivenand data-oriented operation and development model.The property features a three-story duplex in the front and a free-standing ADU in the rear. The duplex wasbuilt in 2022, and the ADU was completed in 2024. The duplex consistslex consists of a two-bedroom twobathroomtownhouse unit with four single beds in the front and a two-bedroom two-bathroom townhouse unitwith six single beds in the rear. The ADU is a three bedroom, three bathroom leased as three single beds.Half-mile walk to the main University Park Campus of USC and less than a mile from USC Village.Down the street from the Expo/Vermont metro rail station, allowing residents an easy commute to Downtown LosAngeles, Mid-City, and the Westside outside of their daily commute to campus.Designed with a co-living philosophy and meticulously constructed with operational efficiency and a superior tenantexperience in mind.All bedrooms were designed as co-living private suites and feature a private bathroom in addition to being securedby Smart Locks and Virtual Key Cards, powered by Tripalink's propriety mobile app and tenant portal.All bedrooms and common areas are delivered furnished to residents upon move-in and feature in-unit laundry andexpansive kitchens; in addition to tenant-centric amenities such as bi-weekly cleaning of the common areas, WiFicoverage, covered utilities, 24/7 maintenance and community events.Prime opportunity to acquire a newly built, recession-proof passive investment with no deferred maintenance andstrong in-place income.
Presented By: Neema Ahadian with Marcus & Millichap;

Interior Features for 1258 W 37th Drive

Bedrooms

Total Bedrooms7

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths7

Other Interior Features

LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixDrive
Total Stories3

General for 1258 W 37th Drive

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market22
DirectionsLocated two blocks west of the University of Southern California, located within the USC Department of Public Safety 24Hour Patrol Zone.
Garage Y/NNo
Gross Income265944.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet4319.0
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income183917.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name37th
Total Units3
View Y/NNo
Waterfront Y/NNo
Year Built1906
ZoningLARD2

Exterior for 1258 W 37th Drive

Building Area Total4161.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions40x108
Lot Size Acres0.0992
Lot Size Area4319.0
Lot Size UnitsSquareFeet
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,100,000
MLS#24379147
List Date 04/12/2024
Property Type Multi-Family
Phone 714.964.3311
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