This charming single family investment offering is optimized for student rentals amid a dense student population just steps from USC and commercial shopping centers that service the collegiate lifestyle. The current structure, estimated at 1750 SF, buyer to verify, has been efficiently and tastefully remodeled to accommodate 5 bedding rooms, with each room rented for $1000 per month starting August 2018. Potential for additional rental upside exists by adding amenity upgrades. Additionally, this property is situated on a large 7001 SF lot that is Zoned LARD 2, making for the potential to add units in back, or tear down and build ground up for maximum FAR density. In total, based on recent sales, current available properties, and the special features this property has, this asset presents a unique and compelling value at the listing price.
Off market
$1,130,600
1164 W 37th Pl, Los Angeles, CA 90007
5beds
4baths
1,750sqft
MultiFamily
Built in 1905
-- sqft lot
$1,130,600 Zestimate®
$646/sqft
$3,579 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
 - Bathrooms: 4
 
Cooling
- Other
 
Interior area
- Total interior livable area: 1,750 sqft
 
Property
Parking
- Total spaces: 5
 
Lot
- Size: 7,000 sqft
 
Details
- Parcel number: 5040032006
 
Construction
Type & style
- Home type: MultiFamily
 
Condition
- Year built: 1905
 
Community & neighborhood
Location
- Region: Los Angeles
 
Other
Other facts
- County: Los Angeles
 - PropertyType: Residential Income
 - SourceLotSizeArea: Assessor
 - UnitTypeType: 1
 - Equipment: Other
 - Heating: Other
 - ParkingGarage: Driveway
 - ListingArea: Los Angeles Southwest
 - SourceLivingArea: Estimated
 - ListingStatus: Active Under Contract
 
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Estimated market value
$1,130,600