1257 W 37th Dr, Los Angeles, CA 90007

We are pleased to offer for sale this three (3) unit, 16-bedroom + 14-bathroom Student Housing investment opportunity located at 1257 W. 37th Drive, just a short distance from the internationally renowned University of Southern California (USC). Consisting of two separate structures, these buildings were constructed of wood frame and stucco on a raised foundation built in 1906 with a square footage of 2,903 on a 6,600-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of one (1) 8+6 Single Family Residence, and two (2) studio units. There are approved plans & permits to demolish the existing (2) studios, and construct (2) 4+4 units (8-Beds + 8-Baths total). Each unit is about 1,100 sqft, and would each bring in approximately $4,800 ($1,200/bedroom).