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    1651 W 37th Place

    Los Angeles, CA 90018
    • $5,490,000
    • STATUS: ACTIVE
    • ON SITE: 8 days
    • ID#: OC21089732
    UPDATED: 70 min ago
    $5,490,000
    • 31
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Location location location! Blocks from USC Campus, this 31B31B almost brand new apartment building was built in 2020 by Tripalink Real Estate, an well known name in Los Angeles and also across the nation for building co-living communities near campuses. This apartment complex features 6 units. Each Unit has 5 bedroom and 5 full bath except for one unit has 6 bedroom and 6 bathroom. Total 31 Bedroom and 31 bathroom with 31 tenants, 100% occupied mostly USC students and young professionals working in the area. Seller offers to rent back for 5 to 10 years with a master lease and property management, so no vacancy for new owner and no property management hassles. 5% CAP RATE. Great opportunity for investors! Location location location! Blocks from USC Campus, this 31B31B almost brand new apartment building was built in 2020 by Tripalink Real Estate, an well known name in Los Angeles and also across the nation for building co-living communities near campuses. This apartment complex features 6 units. Each Unit has 5 bedroom and 5 full bath except for one unit has 6 bedroom and 6 bathroom. Total 31 Bedroom and 31 bathroom with 31 tenants, 100% occupied mostly USC students and young professionals working in the area. Seller offers to rent back for 5 to 10 years with a master lease and property management, so no vacancy for new owner and no property management hassles. 5% CAP RATE. Great opportunity for investors!

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sunluxrealestate.com/homes/116608193
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    1651 W 37th Place Los Angeles, CA 90018

    • Price: $5,490,000
    • Status: ACTIVE
    • Updated: 70 min ago
    • ID#: OC21089732
    31
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    West Of Usc
    County:
    Los Angeles
    Area:
    Los Angeles (90018)
    Property Description
    Location location location! Blocks from USC Campus, this 31B31B almost brand new apartment building was built in 2020 by Tripalink Real Estate, an well known name in Los Angeles and also across the nation for building co-living communities near campuses. This apartment complex features 6 units. Each Unit has 5 bedroom and 5 full bath except for one unit has 6 bedroom and 6 bathroom. Total 31 Bedroom and 31 bathroom with 31 tenants, 100% occupied mostly USC students and young professionals working in the area. Seller offers to rent back for 5 to 10 years with a master lease and property management, so no vacancy for new owner and no property management hassles. 5% CAP RATE. Great opportunity for investors! Location location location! Blocks from USC Campus, this 31B31B almost brand new apartment building was built in 2020 by Tripalink Real Estate, an well known name in Los Angeles and also across the nation for building co-living communities near campuses. This apartment complex features 6 units. Each Unit has 5 bedroom and 5 full bath except for one unit has 6 bedroom and 6 bathroom. Total 31 Bedroom and 31 bathroom with 31 tenants, 100% occupied mostly USC students and young professionals working in the area. Seller offers to rent back for 5 to 10 years with a master lease and property management, so no vacancy for new owner and no property management hassles. 5% CAP RATE. Great opportunity for investors!
    Exterior Features

    Pool N/K Spa N/K

    Interior Features

    Cooling Central Forced Air Stories 3 Story Total Baths Unit1 31 Units With Range Oven 6 Units With Refrigerators 6 Units With Washers 6

    Property Features

    Actual Cap Rate 5.0 Annual Expense Actual 104884 Assessments Yes/Remarks Buildings 1 Gross Scheduled Income Actual 409200 Home Owners Fees 0.0 Possession Close Of Escrow Security Automatic Gate Tenant Pays N/K Terms Conventional Unit Number For Unit1 1 Unit1 Rent Actual 409200.0 Zoning Builder

    Listing provided courtesy of Jc Pacific Capital Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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