1337 W 36th Place Los Angeles, CA 90007
New construction student housing asset in Los Angeles, CA. Located in a highly sought-after student housing area less than three blocks from the University of Southern California within the DPS patrol boundaries, less than one mile from the new $700 million University Village.1337 West 36th Place features two duplexes with a total of four three-bedroom/three bath units that are in excellent condition and loaded with amenities. All units have an exterior balcony and in-unit laundry. One of the units is currently owner occupied with two additional tenants, while the three remaining units are leased to a company that assists foreign students with transitioning to American college life. The company leases the units and then subleases them to students at significant markups. A new investor could capture substantial rental upside by terminating this arrangement and renting the units at market rates, or they could enjoy the management-free nature of the asset by continuing as-is. This company is highly interested in continuing the arrangement at an increased monthly rent. The property also features an unpermitted bedroom with a bath that is currently rented as an Airbnb. The property operates with an incredibly low expense load. The units are separately metered for all utilities and the common area lighting expense is low due to state of the art LED lights. Additionally the property's design gives it attractive curb appeal wile requiring minimal landscaping expense., Directions Located between Normandie and Raymond
Interior Features Include:No Information Available.
Exterior Features Include:
Acreage: 0.1500 Acres
Description 0-1 Unit/Acre
Square Feet 6547
Garage Capacity: 8
Other Features Include:
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