6 Units with 2 Vacancies in USC Patrol Zone | 1366 W 37th Pl
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
6 Units with 2 Vacancies in USC Patrol Zone 1366 W 37th Pl
6 Unit Apartment Building $1,150,000 ($191,667/Unit) 5.41% Cap Rate Los Angeles, CA 90007
Investment Highlights
- 2 vacant units
- Situated within USC Patrol Zone
- RD2-1 Zoning / Tier 3 T.O.C. allows for up to 6 units by right
- 6 units / (4) 1BR/1BA; (1) 3BR/1BA; (1) 3BR/2BA
- 2.5 blocks from USC Campus
- Walking distance to Expo/Western and Expo/Vermont light rail stations
Executive Summary
PRICE JUST REDUCED BY 17.4%! Kidder Mathews, as exclusive listing agent, is pleased to present for sale 1366 W 37th Place, a 6-unit apartment building located within the USC Patrol Zone. The property is located 2.5 blocks west of the USC Campus and currently has two vacant 1 bedroom bungalow-style units.
With an ideal unit mix of four 1 bedroom 1 bath, one 3 bedroom 1 bath, and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy to student housing.
2.5 blocks away from this property, the $1 Billion dollar Lucas Museum's structure is taking shape. The 5-story museum includes 300,000 SF of exhibition space, which will house the 100,000-piece collection of George Lucas’ paintings, sculpture, photographs and other forms of art related to film. Next to the Lucas Museum stands the L.A. Coliseum, site of the 2028 Olympic Games.
Email listing agent for offering memorandum.
With an ideal unit mix of four 1 bedroom 1 bath, one 3 bedroom 1 bath, and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy to student housing.
2.5 blocks away from this property, the $1 Billion dollar Lucas Museum's structure is taking shape. The 5-story museum includes 300,000 SF of exhibition space, which will house the 100,000-piece collection of George Lucas’ paintings, sculpture, photographs and other forms of art related to film. Next to the Lucas Museum stands the L.A. Coliseum, site of the 2028 Olympic Games.
Email listing agent for offering memorandum.
Property Facts
| Price | $1,150,000 | Apartment Style | Low Rise |
| Price Per Unit | $191,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.41% | Building Size | 3,678 SF |
| Gross Rent Multiplier | 11.8 | Average Occupancy | 67% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1904 |
| Property Subtype | Apartment |
| Price | $1,150,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,678 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1904 |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
1 of 1
Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (85)
zoning
| Zoning Code | LARD2 (Five Or More Units Or Apartments) |
| LARD2 (Five Or More Units Or Apartments) |
-
Darin Spillman -
Kidder Mathews
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
6 Units with 2 Vacancies in USC Patrol Zone | 1366 W 37th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.