$2,999,000
34.0202 -118.298
FOR SALE

1325 W 37th Place Los Angeles, CA 90007

$2,999,000
Est. Monthly $13,110 recalculate
 

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830 N Wilcox Ave
Montebello, CA 90640
323.­722.7300
323.­722.7300
CENTURY 21 Realty Masters
830 N Wilcox Ave Montebello, CA 90640
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1325 W 37th Place
Los Angeles, CA 90007

Explore This Property

Multi-Family (2-4 Units) - Newly constructed USC student housing development. New construction of 3 detached houses that each offer 6 beds and 3 1/2 baths for student rentals. Each of the 18 beds is projected to lease for a conservative $900 per month, totaling a phenomenal $194,900 projected yearly Gross Income, which after deducting a realistic 30% for expenses, gives you a NOI of $136,080 and a 4.5% cap rate for a newly built project. The units are separately metered for gas and electricity, and tenants are typically responsible for paying all utility expenses. These 3 two-story houses feature top-of-the line amenities for students. Bedrooms have adjacent bathrooms, which is an especially attractive feature for student tenants. All units have a common living area, a shared kitchen and in-unit laundry facility. Additionally, each unit has its own HVAC, and there are six total parking spaces on the property. The property is less than a quarter-mile from USC, within the USC Department of Public Safety (DPS) Patrol and Response Area.
MLS # RS17170724
Courtesy Of Keller Williams Pacific Estates Cerritos

Property Features

  • Age: New Construction, New Construction
  • Architecture Style: Other
  • Cooling System: Central A/C
  • Heating System: Central Furnace
  • Roof Type: Unknown

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $13,110Your estimated monthly payment
    $599,80020% Down Payment
    $2,999,000 $2,699,100
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    FOSHAY LEARNING CENTER
    Grades K-12 | Public School

    LOS ANGELES, CA 90018
    3751 S HARVARD BLVD
    323-373-2700
    0.5
    miles

    Total Students 2000
    Student Teacher Ratio 11:1

    School Rating

    2 stars View School Details
    LENICIA B. WEEMES ELEMENTARY SCHOOL
    Grades PRESCHOOL-5 | Public School

    LOS ANGELES, CA 90007
    1260 W 36TH PL
    323-733-9186
    0.2
    miles

    Total Students 700
    Student Teacher Ratio 15:1
    View School Details
    Middle School
    FOSHAY LEARNING CENTER
    Grades K-12 | Public School

    LOS ANGELES, CA 90018
    3751 S HARVARD BLVD
    323-373-2700
    0.5
    miles

    Total Students 2000
    Student Teacher Ratio 11:1

    School Rating

    2 stars View School Details
    High School
    MANUAL ARTS SENIOR HIGH SCHOOL
    Grades 9-12 | Public School

    LOS ANGELES, CA 90037
    4131 S VERMONT AVE
    323-846-7300
    0.9
    miles

    Total Students 1469
    Student Teacher Ratio 18:1

    School Rating

    1 star View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Global Education Academy Middle School 0.3 mi Public 6-8
    John W. Mack Elementary School 0.5 mi Public K-5
    Just Beginning School 0.6 mi Private PRESCHOOL-1
    Vermont Avenue Elementary School 0.8 mi Public PRESCHOOL-5
    Birdielee V. Bright Elementary School 0.8 mi Public PRESCHOOL-5
    Public Policy Charter 0.8 mi Public 5-8
    Martin Luther King Jr. Elementary School 0.8 mi Public K-5
    Dr. Theo. T. Alexander Junior, Science Center 0.9 mi Public K-5
    St. Agnes Parish School 0.9 mi Catholic PRESCHOOL-8
    Kipp Scholar Academy 0.9 mi Public 5-8
    Thirty-second Street Usc Performing Arts 0.9 mi Public K-12
    Menlo Avenue Elementary School 1.0 mi Public PRESCHOOL-5
    St. Cecilia Elementary School 1.0 mi Catholic PRESCHOOL-8
    Holy Name Of Jesus Catholic Elementary School 1.0 mi Catholic PRESCHOOL-8
    Divine Providence Day Nursery And Kindergarten 1.1 mi Catholic PRESCHOOL-K
    California Collegiate Charter 1.2 mi Public -
    Community Preparatory Academy 1.2 mi Public K-8

    Local Area Information for Los Angeles, CA 90007

    Median Age: 25.7
    Married: 17.8%
    Number of Households: 12,694
    Households with Children: 3,063
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.