1164 W 37TH Place

    Los Angeles (City), CA 90007
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 161 days
    • ID#: 18363246
    Under Contract
    UPDATED: 219 min ago
    $1,150,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,750
      SQFT
    • $657
      $/SQFT
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    This charming single family investment offering is optimized for student rentals amid a dense student population just steps from USC and commercial shopping centers that service the collegiate lifestyle. The current structure, estimated at 1750 SF, buyer to verify, has been efficiently and tastefully remodeled to accommodate 5 bedding rooms, with each room rented for $1000 per month starting August 2018. Potential for additional rental upside exists by adding amenity upgrades. Additionally, this property is situated on a large 7001 SF lot that is Zoned LARD 2, making for the potential to add units in back, or tear down and build ground up for maximum FAR density. In total, based on recent sales, current available properties, and the special features this property has, this asset presents a unique and compelling value at the listing price.~~

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    Based on information from CARETS as of 2018-12-18T23:46:54.19. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/85472812

    1164 W 37TH Place Los Angeles (City), CA 90007

    • Price: $1,150,000
    • Status: Active Under Contract
    • Updated: 219 min ago
    • ID#: 18363246
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1,750
    SQFT
    $657
    $/SQFT
    1905
    Built
    Neighborhood:
    Los Angeles Southwest (C34)
    County:
    Los Angeles
    Area:
    Los Angeles Southwest (C34)
    Property Description
    This charming single family investment offering is optimized for student rentals amid a dense student population just steps from USC and commercial shopping centers that service the collegiate lifestyle. The current structure, estimated at 1750 SF, buyer to verify, has been efficiently and tastefully remodeled to accommodate 5 bedding rooms, with each room rented for $1000 per month starting August 2018. Potential for additional rental upside exists by adding amenity upgrades. Additionally, this property is situated on a large 7001 SF lot that is Zoned LARD 2, making for the potential to add units in back, or tear down and build ground up for maximum FAR density. In total, based on recent sales, current available properties, and the special features this property has, this asset presents a unique and compelling value at the listing price.~~
    Exterior Features

    Garage Spaces Total 4.0 Garage Structures Total 1 Parking Features Driveway Parking Spaces Total 5

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 3.5 Unit Number Of Bed01 5

    Property Features

    Adjusted Gross Income 60000.00 Assessed Improvement Value 113636.00 Assessed Land Value 156925.00 Cap Rate 3.75 Country United States Of America Expense Gardener 960.00 Expense Insurance 1200.00 Expense Maintenance 750.00 Expense Tax 14000.00 Expense Total Annual 16910.00 Gross Operating Income 60000.00 Gross Rent Multiplier 19.17 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 43090.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Estimated Unit Monthly Rent01 5000.00 Unit Projected Total Monthly Rent01 5000.00 Unit Total Monthly Rent01 5000.00 Unit Type01 1 Units Total In Complex 1 Zoning Lard2

    Listing provided courtesy of Scott Rosenberg DRE#01456686 of Re/Max Estate Properties and Casey Lins CA DRE# 01902650 of Re/Max Estate Properties.


    Based on information from CARETS as of 2018-12-18T23:46:54.19. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381