Newly constructed 13-bed student housing investment opportunity located two blocks west of the University of Southern California, located within the USC Department of Public Safety 24Hour Patrol Zone. The subject property was designed and built by Tripalink, a leading student housing operator with a proven track record of delivering best-in-class off-campus housing and providing tenants with an unparalleled housing experience through their tech-driven and data oriented operation and development model.The property features a three-story duplex in the front and a free-standing ADU in the rear. The duplex was built in 2022, and theADU was completed in 2024. The front duplex has ten bedrooms spread across both units while the rear ADU has three individualbedrooms with their own private bathrooms.The building was designed with a co-living philosophy and meticulously constructed with operational efficiency and a superior tenantexperience in mind. All bedrooms were designed as co-living private suites and feature a private bathroom in addition to being secured by Smart Locks and Virtual Key Cards, powered by Tripalink's propriety mobile app and tenant portal.All bedrooms and common areas are delivered furnished to residents upon move-in and feature in-unit laundry and expansive kitchens; in addition to tenant-centric amenities such as bi-weekly cleaning of the common areas, WiFi coverage, covered utilities,24/7 maintenance and community events. The subject property is a half-mile walk to the main University Park Campus of USC and less than a mile from USC Village. It alsodown the street from the Expo/Vermont metro rail station, allowing residents an easy commute to Downtown Los Angeles, Mid-City,and the Westside outside of their daily commute to campus.The offering presents a prime opportunity for an investor to acquire a fully recession-proof and passive student housing investment,directly adjacent to one of the leading private universities in the country. The 2022/2024 construction and best-in-class managementalso offer no deferred maintenance and strong in-place income, with a stabilized cash flow at a 5.94% CAP rate and 11.63 GRM oncurrent income.
Property Details
Property Features
Property Information:
Year Built: 1906
Stories: 3
Living Area: 4,161 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 7
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.10 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Other
Directions Information:
Directions: Located two blocks west of the University of Southern California, located within the USC Department of Public Safety 24Hour Patrol Zone.
Price Information
Listing Price Info
Price Summary:
List Price: $2,999,999
Price Per SqFt: $721/SqFt
Tax Information:
Annual Amount: $9,496
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M more than the Median Sold Price and $81/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24379147
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 9:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 11, 2020
May 11, 2020Home Sold
$777,000
Jan 17, 1997
Jan 17, 1997Home Sold
$103,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$9,496
$785,049
2020
$1,951
$153,366
2019
$1,866
$150,360
2018
$1,828
$147,413
2017
$1,828
$144,524
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Lenicia B. Weemes Elementary
1260 W 36th Pl
Distance between this listing and this school0.20 miles
Public District Grades PK-5
3
/10
STEM Preparatory Elementary School
1374 W 35th St
Distance between this listing and this school0.43 miles
Public Charter Grades KG-5
3
/10
John W. Mack Elementary
3020 S Catalina St
Distance between this listing and this school0.57 miles
Public District Grades KG-5
Nearby Schools
3
/10
Kipp Scholar Academy
1729 W Martin Luther King Jr Blvd
Distance between this listing and this school0.95 miles
Public Charter Grades 5-8
3
/10
William Jefferson Clinton Middle School
3500 S Hill St
Distance between this listing and this school1.19 miles
Public District Grades 6-8
6
/10
New Heights Charter
2202 W Martin Luther King Jr Blvd
Distance between this listing and this school1.35 miles
Public Charter Grades KG-8
Nearby Schools
8
/10
Ednovate - Usc Hybrid High College Preparatory
3939 S Vermont Ave
Distance between this listing and this school0.43 miles
Public Charter Grades 9-12
6
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.60 miles
Public District Grades 6-12
3
/10
Manual Arts High School
4131 S Vermont Ave
Distance between this listing and this school0.76 miles
The neighbors living near this home have an average income of $26,937. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1258 W 37th Dr
What is the listing price of this property?
The listing price of 1258 W 37th Dr property is $2,999,999.
What type of property is this?
The property 1258 W 37th Dr is a house located in Los Angeles, California, 90007.
Is this property for sale now?
Active Listing: 1258 W 37th Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $9,496 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 11, 2020 for $777,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1258 W 37th Dr has 7 bedrooms and 7 bathrooms.
What is the square footage of this property?
The property 1258 W 37th Dr is 4,161 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1258 W 37th Dr is 1906.
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This home is located at 1258 W 37th Dr in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 4,161 square foot home, which was built in 1906, sits on a 0.10 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $2,999,999.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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