1177 W 37th Place

    Los Angeles, CA 90007
    • $1,550,000
    • STATUS: ACTIVE
    • ON SITE: 33 days
    • ID#: 301764761
    UPDATED: 14 min ago
    $1,550,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1903
    County:

    School Ratings & Info

    Description

    Prime student housing development opportunity in the coveted 90007 zip code of Los Angeles, CA. Less than one block from the main University Park campus of the University of Southern California, the property is in an unbeatable student housing location. Within the CSC and DPS patrol Zones. Delivered fully vacant. The offering consists of an existing duplex situated on a 7,000 square foot lot zoned LARD1.5. The duplex will be delivered vacant and is likely a teardown. RD1.5 zoning allows for one dwelling u Prime student housing development opportunity in the coveted 90007 zip code of Los Angeles, CA. Less than one block from the main University Park campus of the University of Southern California, the property is in an unbeatable student housing location. Within the CSC and DPS patrol Zones. Delivered fully vacant. The offering consists of an existing duplex situated on a 7,000 square foot lot zoned LARD1.5. The duplex will be delivered vacant and is likely a teardown. RD1.5 zoning allows for one dwelling unit to be built per 1,500 square feet of lot space which equates to a maximum density of four new construction units for a developer (buyer to verify). Property is also Tier 3 TOC eligible which would allow a buyer significant development bonuses (buyer to verify). The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the $1 Billion George Lucas Narrative Art museum that recently broke ground. USC recently completed (less than a mile from the subject property) the $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.whisselrealty.com/homes/100687710

    1177 W 37th Place Los Angeles, CA 90007

    • Price: $1,550,000
    • Status: ACTIVE
    • Updated: 14 min ago
    • ID#: 301764761
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1903
    Built
    Neighborhood:
    Los Angeles (90007)
    County:
    Los Angeles
    Area:
    Los Angeles (90007)
    Property Description
    Prime student housing development opportunity in the coveted 90007 zip code of Los Angeles, CA. Less than one block from the main University Park campus of the University of Southern California, the property is in an unbeatable student housing location. Within the CSC and DPS patrol Zones. Delivered fully vacant. The offering consists of an existing duplex situated on a 7,000 square foot lot zoned LARD1.5. The duplex will be delivered vacant and is likely a teardown. RD1.5 zoning allows for one dwelling u Prime student housing development opportunity in the coveted 90007 zip code of Los Angeles, CA. Less than one block from the main University Park campus of the University of Southern California, the property is in an unbeatable student housing location. Within the CSC and DPS patrol Zones. Delivered fully vacant. The offering consists of an existing duplex situated on a 7,000 square foot lot zoned LARD1.5. The duplex will be delivered vacant and is likely a teardown. RD1.5 zoning allows for one dwelling unit to be built per 1,500 square feet of lot space which equates to a maximum density of four new construction units for a developer (buyer to verify). Property is also Tier 3 TOC eligible which would allow a buyer significant development bonuses (buyer to verify). The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the $1 Billion George Lucas Narrative Art museum that recently broke ground. USC recently completed (less than a mile from the subject property) the $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces.
    Exterior Features

    Pool N/K

    Interior Features

    Total Baths Unit1 0

    Property Features

    Annual Expense Actual 0 Buildings 2 Gross Scheduled Income Actual 0 Sales Restrictions Probate Sbjct To Overbid Unit Number For Unit1 1 Unit1 Rent Actual 0 Water Meter On Property Zoning Lard1.5

    Listing provided courtesy of Marcus & Millichap. Listing information © 2019 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    eXp Realty of California - CA DRE# 01878277
    3180 University Ave, Suite 600
    San Diego CA, 92104