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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,700,000

Est. payment - /mo

7,004 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD26233924

HOA Y/N No

Year Built 2020

Lot Size 7,004 Sqft

Property Sub-Type Triplex

Property Description

We are pleased to present a 3-unit 2020-constructed residential investment property located in the highly desirable USC/Exposition Park area at 1329–1331 1/2 W. 37th Place, Los Angeles, CA 90007. This property consists of 3-units and total of 10 spacious Bedrooms and 15 Bathrooms. The property is currently generating over $15,000 per month with room for growth. The property is over 5,900 square feet and at the list price is less than $300/SF for 2020 construction - well below replacement cost.

Strategically situated near the University of Southern California (USC), Exposition Park, public transportation, shopping, dining, and major employment centers, the property is well-positioned to benefit from continued demand for student-oriented and flexible residential housing. Its proximity to USC provides an attractive opportunity for investors seeking rental income from the university-area housing market.

The property is built with highest in construction quality and standards. Viewing some of the building systems from the exterior, the craftsmanship and care in construction is abundantly clear. The property also has 6 parking spaces in the rear of the property, which is accessible from the alley. Having parking in this area is extremely rare and a premium.

All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Heating Central

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Pool None

Community Features Biking

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5040010019

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Kirk Garabedian Keller Williams R. E. Services 818-298-8810, DRE #01216376

NEARBY SCHOOL & BUSINESS

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1329 W 37th PL Los Angeles, CA 90007