Homes for sale - 1539 W 37th PL, Los Angeles, CA 90018

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Louis DiGonzini

ldigonzini@thedigonzinigroup.com +1(949) 922-8420

$ 2,900,000

Est. payment | -/mo

6,050 Sqft Lot

Save

$ 2,900,000

Est. payment | -/mo

Save

6,050 Sqft Lot

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 922-8420

ldigonzini@thedigonzinigroup.com

1539 W 37th PL Los Angeles, CA 90018