1258 West 37th Drive
1258 West 37th Drive
$3,100,000
7
7
4,161
4,161
$745
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.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 1258 West 37th Drive
Zoning
LARD2
Parcel Number5040013010
Total Units3.0
Living Area4161
Source Living AreaOther
AreaLos Angeles Southwest (C34)
Vacancy Rate100
Lot Size Area4319
Location
LISTING UPDATED: 04/16/2024 10:45 AM
Property Details for 1258 West 37th Drive
Status | Active |
---|---|
MLS # | 24-379147 |
Days on Market | 39 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1906 |
Lot Size | 0.10 AC / 4,319 SF |
County | Los Angeles County |
Location
Building Information for 1258 West 37th Drive
Stories3Residences-Year Built1906Building Size-Lot Size0.10 AC / 4,319 SF
Payment Calculator
$18,505 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1258 West 37th Drive
Property History for 1258 West 37th Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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