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$ 2,900,000
Est. payment /mo
New
1539 W 37th PL Los Angeles, CA 90018
6,050 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25118349
HOA Y/N No
Year Built 2022
Lot Size 6,050 Sqft
Property Sub-Type Duplex
Property Description
Built in 2022, this new construction investment opportunity promises to be the best deal in all of Los Angeles with an extremely high current Cap Rate of 7.45% and a GIM of 9.34x. A new owner can increase their return on investment by taking advantage of the short term rental market when the FIFA World Cup and the Olympics come into town. The building is approximately 6,630 rentable square feet on a 6,051 square foot lot, consisting of (1) 13-bedroom + 13-bathroom, and (1) 9-bedroom + 9-bathroom units. The property can be acquired with the current management in-place for a true hassle-free turnkey investment. A new owner can also self manage the property keeping the expenses low. This great deal is priced to sell and is ready to make a deal! With only a 35% Down Payment this investment will cash flow on Day 1 and is poised to appreciate in value right away. The property features (22) Bedrooms All with Private En-Suite Bathrooms rented individually. This upscale investment features hardwood floors, stainless steel kitchen appliances, quartz counter tops, glass enclosed showers, in-unit washer & dryers, new roof/copper plumbing (less than 3 years old), double pane windows, individually metered for all utilities: gas, electricity, & water and high-end finishes throughout the units. Located in the highly desirable 90018 zip code, and walking distance to the University of Southern California campus (USC), Exposition Park, BMO Stadium, LA Coliseum, and the new George Lucas Museum.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Urban
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5041027022
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by James Torres • Keller Williams SELA • 562-577-1138