1258 37Th Dr, Los Angeles, CA 90007
3 Unit Apartment Building | $3,100,000 ($1,033,333/Unit) | 5.93% Cap Rate | Los Angeles, CA 90007
For Sale
Active
22 pictures
Asking Price $3,100,000
- Property Type
-
Multifamily
- Square Feet
- 7,500 SF
Listing Contacts
Neema Ahadian
Ben Lee
Property Overview
Newly constructed 13-bed student housing investment opportunity located two blocks west of the University of Southern 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 delivering best-in-class off-campus housing and providing tenants with an unparalleled housing experience through their tech-driven and 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 was built in 2022, and the ADU was completed in 2024. The duplex consists of a two-bedroom two bathroom townhouse unit with four single beds in the front and a two-bedroom two-bathroom townhouse unit with 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 Los Angeles, 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 tenant experience in mind.
All bedrooms were designed as co-living private suites and feature a private bathroom in addition to being secured by 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 and expansive kitchens; in addition to tenant-centric amenities such as bi-weekly cleaning of the common areas, WiFi coverage, covered utilities, 24/7 maintenance and community events.
Prime opportunity to acquire a newly built, recession-proof passive investment with no deferred maintenance and strong in-place income.
Designed and developed by Tripalink, a leading student housing operator with a proven track record of delivering best-in-class off-campus housing and providing tenants with an unparalleled housing experience through their tech-driven and 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 was built in 2022, and the ADU was completed in 2024. The duplex consists of a two-bedroom two bathroom townhouse unit with four single beds in the front and a two-bedroom two-bathroom townhouse unit with 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 Los Angeles, 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 tenant experience in mind.
All bedrooms were designed as co-living private suites and feature a private bathroom in addition to being secured by 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 and expansive kitchens; in addition to tenant-centric amenities such as bi-weekly cleaning of the common areas, WiFi coverage, covered utilities, 24/7 maintenance and community events.
Prime opportunity to acquire a newly built, recession-proof passive investment with no deferred maintenance and strong in-place income.
Property Details
- Class
- C
- Year Built
- 2022
- Stories
- 3
- Lot Size (sq. ft)
- 4,356 SF
- Units
- 3
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