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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Daniel Lewin, DRE #01932742 • Younglewin Advisors, Inc.

$ 1,800,000

Est. payment | -/mo

6,602 Sqft Lot

Save

$ 1,800,000

Est. payment | -/mo

Save

6,602 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26224491

Year Built 1907

Lot Size 6,602 Sqft

Property Sub-Type Triplex

Source California Regional MLS

Property Description

Unique Opportunity - 3-unit, 10-bedroom USC-area investment just a 5-minute walk to campus with2 units delivered vacant. 1241 W. 37th Drive offers two buildings totaling approx. 3,727 SF on a 6,600 SF lot with ample on-site parking. As a 3-unit property, it may qualify for residential financing, and 2 of the 3 units will be delivered vacant, giving a buyer the flexibility to lease to non-student tenants or achieve a student housing premium at market for the upcoming academic year. Front house (1907): a fully renovated 4 bed/4 bath home, currently occupied. Rear building (2013): a 2-story townhome-style building with two 3 bed/3 bath units, each with in-unit laundry, both vacant. Units are separately metered for electricity and gas (as applicable) with tenants paying directly. Property-wide private WiFi and 24/7 monitored security. Offered at $1,800,000, $600,000 per unit and $483 per SF. Projected market rents total $12,800/month ($153,600/year), reflecting a 11.27 market GRM and 5.91% market cap rate, with a price per SF below the recent USC-area sales average of approx. $585 per SF. Located within USC's DPS patrol zone and free Lyft ride zone, steps from Exposition Park, the LA Memorial Coliseum, BMO Stadium, the new Lucas Museum of Narrative Art, and Expo Line acc

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Laundry Other

Exterior

Pool None

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 5040014026

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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1241 W 37th DR Los Angeles, CA 90007