1571 West 37Th St Los Angeles, CA 90018
Two new co-living buildings near USC, 25 beds/baths each.
Property Features for 1571 West 37Th St
General Information
- Standard status
- Active
Source:
Cbre
Listing Agent: Brice W. Head, Mba
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Construction Co-Living Buildings
Two identical, new construction, three-story co-living buildings are located near USC. Each building features 25 beds and 25 baths, with a large kitchen on each floor. The properties have received their Certificate of Occupancy and are master leased for a two-year term, with an option for an additional two years, to Special Services for Groups, Inc., an LA County non-profit. The net lease opportunity requires the landlord to cover property taxes and insurance, while the tenant/lessee is responsible for all other expenses. Annual rent increases are set at 3.5%. The buildings are situated in a gentrifying location.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.3052393
- Latitude
- 34.0210774
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two new co-living buildings near USC, 25 beds/baths each.
Where is this apartment building located?
The property is located at 1571 West 37Th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,799,000.
What are key features of this property?
This property features: - Net Lease Opportunity: Tenant covers all expenses, landlord responsible for property taxes and insurance.; - Long-Term Master Lease: Secured 2-year lease with a 2-year renewal option to LA County non-profit, Special Services for Groups, Inc.; - Guaranteed Rent Increases: Enjoy a predictable income stream with 3.5% annual rent increases.
