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Active 0 days on market

1305 W 37th Place

Los Angeles, CA 90007

$1,165,000

1305 W 37th Place
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+17 more
7Beds
0Baths
2,134Sq Ft
0.14Acres
1951Built

About This Home

Proudly presenting this remarkable opportunity next to USC - Two turnkey homes on one gated lot! Incredible versatility and massive upside. Located in the highly desirable USC Patrol Zone, just a 5-minute stroll to the USC West Gate. Both homes are securely and separately gated for utmost privacy. Perfect for three types of buyers: owner-users who can live in one and rent the other to effortlessly offset mortgage commitment, investors who are interested in a pure income generator pulling $7,500/month in total rent ($4,500 for the front 4B3B; $3,000 for the rear 2B1B + Den) that is absolutely ideal for a hands-off retirement asset, and developers who can aim to maximize potential in a prime, high-demand rental area. The location sells itself. Perfect canvas for a student housing complex or a high-yield redevelopment project. To make your life incredibly easy, this property can be delivered completely vacant. No tenant headaches and no long vacancy wait times. Unbeatable location and unmatched potential can assure that this gem will not last long in the market. This is a goldmine sitting in plain sight and is the ultimate "set-it-and-forget-it" investment property. Enjoy steady cash flow now and watch the property value climb.

Property Details

Property TypeResidentialIncome
Year Built1951
Living Area2,134 sq ft
Lot Size0.14 acres
Bedrooms7
Bathrooms0 full
Parking Total4
HeatingCentral
CoolingCentralAir
PoolNo
MLS #1174690308
Days on Market0 days

Location

Listed by

MiJeong Kim

Mi Jeong Kim

MLS# CLW-C101557

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Based on information from CRMLS. All data is deemed reliable but not guaranteed. Listings marked with the CRMLS icon are provided courtesy of the California Regional MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing.