1200 W 37th Dr
Los Angeles, CA 90007

Marcus & Millichap is pleased to present 1200 West 37th Drive, a value-add student housing development opportunity located in Los Angeles coveted 90007 zip code. The property is in a prime student housing location just one block from the University of Southern California, within the DPS and CSC patrol areas, and less than a mile from USCs University Village, a new $700 Million mixed-use development. University Village offers student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joes, Target, Bank of America and Starbucks. The property is also located within walking distance of Expo Park and the Metro Light Rail Expo Line, which connects Downtown Los Angeles to Santa Monica. The offering consists of a large 2,100-square foot five-bedroom/one-bath front house and a one-bedroom/one-bath unit in the rear. The front house is owner-occupied and will be delivered vacant at the close of escrow, and the rear unit, which is currently rented for $1,300 per month, could also be delivered vacant. Because the existing units are so large, a new investor could add value by reconfiguring their layouts to create more bedrooms and bathrooms for student rentals.