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Listed by Cayenne Kuang • Spectrum Realty
$1,500,000
Est. payment /mo
33 Beds
9,718 SqFt
New
1465 West 37th Place Los Angeles, CA 90018
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 9,718 sqft
Price per Sqft $154
MLS Listing ID OC-25133434
Bedrooms 33
Year Built 2025
Lot Size 6,842 Sqft
Property Sub-Type Duplex
Property Description
Ready-to-Build Student Housing approx 0.5 mile from USC. Exceptional development opportunity in the heart of University Park -- just steps from USC's main campus. Fully permitted and engineered for two separate 3-story wood-frame buildings, this site is ready for immediate construction. Ideal for developers, builders, or 1031-exchange buyers looking for turnkey student rental income. Highlights o Prime Location: walking distance to campus, dining, and transit. o Fully Approved Plans: Includes architectural, structural, permit-ready under LABC 2023 standards. No entitlement delays. o Maximized Rental Yield: Two detached buildings with ideal floor plans for co-living or roommate configurations. o Code-Compliant & Safe: Complete fire sprinkler system, seismic and wind-load engineering, modern drainage and LID plan. o Sustainable Site Design: Features permeable paving, artificial grass, energy-efficient light fixtures, and city-approved stormwater mitigation. o Investor-Ready Returns: Strong cap-rate area fueled by USC student demand. Options to refinance, hold, or sell as rentals or condos.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Sw
Zoning LAR2
Interior
Cooling Central Air
Fireplaces Type None
Laundry Common Area
Exterior
Garage Spaces 4.0
Pool None
Community Features Biking
View Y/N No
View None
Building
Lot Description 31-35 Units/Acre
Sewer Public Sewer