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$3,100,000
7 bed
4,161 Sqft
4,319 Sqft lot

1258 W 37th Drive, Los Angeles, California 90007

  • Residential Income Property Type
  • 50 Days Time on market
  • $745 Price per sqft
  • 1906 Year Built
Property 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 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.

Basic Details
Residential Income
Buy
24379147
$3,100,000
7
4,161 Sqft
1906
4,319 Sqft
Active
Condos/Co-ops
Features
: Wall Furnace
0
$0
Address
CA
Los Angeles
Los Angeles
90007
1258 W 37th Drive
1258
Drive
0
W119° 42' 13.2''
N34° 1' 7.7''
W
Additional Information
50
3
7
: Multi/split
4,161 Sqft
0 Sqft
0 Sqft
: Other
0.10 Sqft
4,319 Sqft
1
0 Sqft
LARD2
5040013010
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
12/04/2024 12:01:37
$0
: Standard
Located two blocks west of the University of Southern California, located within the USC Department of Public Safety 24Hour Patrol Zone.
Marcus & Millichap
Neema Ahadian
CLW-X7515101
CLW-C104547
$0
1
40x108
1
0
0
1
3
3
265944
US-06037-N-5040013010-R-N
16/04/2024 17:58:41
37th
C34 - Los Angeles Southwest
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