1258 West 37th Drive

Los Angeles, CA 90007

$3,100,000
Price
7
Beds
7
Baths
4,161 Sq. Ft.
$745 / Sq. Ft.
4,161
Sq. Ft.
$745
per Sq. Ft.

Description

Newly constructed 13-bed student housing investment opportunity located two blocks west of the University ofSouthern California, within the USC Department of Public Safety 24 Hour Patrol Zone. Designed and developed by Tripalink, a leading student housing operator with a proven track record of deliveringbest-in-class off-campus housing and providing tenants with an unparalleled housing experience through their techdrivenand data-oriented operation and development model. The property features a three-story...Newly constructed 13-bed student housing investment opportunity located two blocks west of the University ofSouthern California, within the USC Department of Public Safety 24 Hour Patrol Zone. Designed and developed by Tripalink, a leading student housing operator with a proven track record of deliveringbest-in-class off-campus housing and providing tenants with an unparalleled housing experience through their techdrivenand data-oriented operation and development model. The property features a three-story duplex in the front and a free-standing ADU in the rear. The duplex wasbuilt in 2022, and the ADU was completed in 2024. The duplex consistslex consists of a two-bedroom twobathroomtownhouse unit with four single beds in the front and a two-bedroom two-bathroom townhouse unitwith six single beds in the rear. The ADU is a three bedroom, three bathroom leased as three single beds. Half-mile walk to the main University Park Campus of USC and less than a mile from USC Village. Down the street from the Expo/Vermont metro rail station, allowing residents an easy commute to Downtown LosAngeles, Mid-City, and the Westside outside of their daily commute to campus. Designed with a co-living philosophy and meticulously constructed with operational efficiency and a superior tenantexperience in mind. All bedrooms were designed as co-living private suites and feature a private bathroom in addition to being securedby Smart Locks and Virtual Key Cards, powered by Tripalink's propriety mobile app and tenant portal. All bedrooms and common areas are delivered furnished to residents upon move-in and feature in-unit laundry andexpansive kitchens; in addition to tenant-centric amenities such as bi-weekly cleaning of the common areas, WiFicoverage, covered utilities, 24/7 maintenance and community events. Prime opportunity to acquire a newly built, recession-proof passive investment with no deferred maintenance andstrong in-place income.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1258 West 37th Drive

Zoning
LARD2
Parcel Number
5040013010
Total Units
3.0
Living Area
4161
Source Living Area
Other
Area
Los Angeles Southwest (C34)
Vacancy Rate
100
Lot Size Area
4319

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750
Add your commute
LISTING UPDATED: 04/16/2024 10:45 AM

Property Details for 1258 West 37th Drive

StatusActive
MLS #24-379147
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
Lot Size0.10 AC / 4,319 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750
Add your commute

Building Information for 1258 West 37th Drive

Stories3Residences-Year Built1906Building Size-Lot Size0.10 AC / 4,319 SF

Payment Calculator

$18,505 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,918

Property Taxes

$1,587

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1258 West 37th Drive

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: 2+2
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $260,625
  • Net Operating Income: $183,917.00
  • Gross Income: $265,944
  • Gross Rent Multiplier: $11.66
  • Total Annual Expense: 76708
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0992
  • Lot Size Square Feet: 4319
  • Lot Size Dimensions: 40x108
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,572.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $9,990.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $179,225.00
  • Assessed Improvement Percent: 21.94
  • Assessed Land Value: $637,538.00
  • Assessed Land Percent: 78.06
  • Assessed Total Value: $816,763.00

Property History for 1258 West 37th Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1258 West 37th Drive

Taxable ValueLand$637,538Additions$179,225Total$816,763
Tax Record2023$19,040 ($1,587 / month)
Home Facts
Beds2Total Finished SqFt1,344 SqFtAbove Grade Finished SqFt1,344 SqFtLot Size4,319 SqFtStyleSingle Family ResidenceYear Built1906ZoningLARD2CountyLOS ANGELESAPN5040-013-010

Schools near 1258 West 37th Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Lenicia B. Weemes Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1258 West 37th Drive is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on March 25, 2024 by Marcus & Millichap, it's currently listed at $3,100,000. It has been on the market for a total of 39 days and was last sold on April 6, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Lenicia B. Weemes Elementary School, Foshay Learning Center and Manual Arts Senior High School. 1258 West 37th Drive is a 7-bed, 7-bath, 4,161 sqft multi-family home built in 1906.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.