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1211 W. 37th Drive,
Los Angeles, California 90007

$2,660,000
1211 W. 37th Drive, Los Angeles, CA 90007

Property Details

Beds0 Baths0 Garage0

Property Description

The Davis Saadian Group of BRC Advisors - Beverly Hills, is pleased to offer for sale this six (6) unit, 17-bedroom + 6-bathroom Student Housing investment opportunity, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1964, with approximately 5,728 rentable square feet on a 6,600 square foot lot. The investment is comprised of a unit mix consisting of five (5) 3-bedroom + 1-bathroom units, & one (1) 2-bedroom + 1-bathroom unit. Units have been updated, remodeled, and include hardwood floors, new kitchen appliances, air conditioning, ten (10) on-site parking spaces, and on-site laundry for additional income. The investment is 100% occupied with USC students, and fully leased for the 2020-2021 academic school year. The property is well situated and only about 2 blocks from the USC campus and Village. Tenants pay for all gas, electricity, trash, and water. All Students for 2020-21 have moved in and there are no vacant units or deferred rent payment for ensuing school year.

Property Status: For Sale

Location

1211 W. 37th Drive, Los Angeles, California 90007

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