ActiveResidential · sale

1344 W 37th Place

Los Angeles, CA 90007

$3,099,000

  • 18 beds
  • 18 baths
  • 5,740 sq ft
  • 0.15 acres
  • Built 2021

Listed by Lyon Stahl Investment Real Estate, Inc. · MLS #26656429

Property photos are not available.

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2021.

Property size

0.15 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

All conforming units rare remaining ADU potential for new construction Price reduced Please contact the listing agents for more details and for updated rent roll We are pleased to present 1344 W 37th Pl a premier 2021constructed student housing investment opportunity located just west of USC within the universitys 24hour DPS patrol zone Purposebuilt to capture the robust demand from USCs 46000 students 65 of whom live offcampus the property offers three units each with 6 bedrooms and 6 bathrooms Each unit features highend finishes quartz countertops stainless steel appliances central HVAC and inunit laundry and individually metered for all utilities gas electricity water Each unit has only two floors and offers spacious open layouts designed to promote maximum comfort for the students The property is ideally situated within walking distance to University Park and near the ExpoVermont Metro Station providing easy access to Downtown Los Angeles MidCity and the Westside Combined with parental guarantees on leases and occupancy levels routinely achieving 100 for the school year the asset represents a lowrisk investment that is poised for continued growth and excellent operating fundamentals The investment is fully occupied by USC students and offers a strong 795 current cap rate and 898 GIM with a monthly scheduled gross income of 28764 allowing investors to maximize returns in one of Los Angeles most stable rental submarkets In addition to its strong fundamentals the property qualifies for 100 bonus depreciation creating a unique opportunity for investors to maximize early tax benefits through cost segregation This combination of modern construction durable student demand and excellent operating fundamentals makes 1344 W 37th Pl ideal for any HNW individual or family office seeking a combination of yield tax shelter and longterm appreciations
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THE NEIGHBORHOOD

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1344 W 37th Place, Los Angeles, CA 90007

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
2021
Full baths
0
Half baths
0
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Zoning
LARD2
Parcel
5040011008

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$12,912.50
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1344 W 37th Place, Los Angeles, CA 90007 · MLS #26656429

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Listing information

MLS #26656429 · California Regional MLS

Listing brokerage: Lyon Stahl Investment Real Estate, Inc.
Listing agent: Benjamin Lee

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.