1344 W 37th Place, Los Angeles, California 90007 - $3,350,000 | Allan Real Estate Investments
Location
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Property Highlights
$3,350,000
1344 W 37th Pl
Los Angeles, CA, 90007
1344 W 37th Pl
•Los Angeles, CA, 90007
18
Bedrooms
18
Bathrooms
5,740
Square Feet
1
Days on Market
18
Bedrooms
18
Bathrooms
5,740
Square Feet
1
Days on Market
About
We are pleased to present 1344 W 37th Pl, a premier 2021-constructed student housing investment opportunity located just west of USC within the university's 24-hour DPS patrol zone. Purpose-built to capture the robust demand from USC's 46,000+ students, 65% of whom live off-campus, the property offers three units each with 6 bedrooms and 6 bathrooms. Each unit features high-end finishes, quartz countertops, stainless steel appliances, central HVAC, and in-unit laundry, and individually metered for all utilities: gas, electricity, & water. Each unit has only two floors and offers spacious open layouts, designed to promote maximum comfort for the students. The property is ideally situated within walking distance to University Park and near the Expo/Vermont Metro Station providing easy access to Downtown Los Angeles, Mid-City, and the Westside. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is fully occupied by USC students and offers a strong 7.23% current cap rate and 9.71 GIM with a monthly scheduled gross income of $28,764. This turnkey opportunity allows investors to maximize returns in one of Los Angeles' most stable rental submarkets. This combination of modern construction, durable student demand, and excellent operating fundamentals makes 1344 W 37th Pl ideal for any HNW individual or family office seeking a combination of yield, tax shelter, and long-term appreciations.
Listed by Benjamin Lee with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838