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1444 W 37th Street, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

1444 W 37th Street, Los Angeles, California 90018 home-pic-0
ACTIVE$5,700,000
1444 W 37th Street, Los Angeles, California 90018
0Bed
0Bath
9,056Sqft
6,841Lot
Year Built
2024
Close
-
List price
$5.7M
Original List price
$5.7M
Price/Sqft
$629
HOA
-
Days on market
-
Sold On
-
MLS number
OC25088420
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $5.70M(92th), sqft - 9056(85th), beds - undefined(50th), baths - undefined(50th).

Brand new construction, this beautiful apartment is located on the west side of the USC campus. Total 32 bedrooms with 34 bathrooms. All private bedrooms come with private bathrooms. Each floor has washers and dryers, large living area and shared Kitchen are equipped with all brand new appliances and furnitures. Online portal available for rent payment and issue reporting 24/7. The property is currently in lease up, drawing from the strong demand for off-campus housing from the 47,000 students currently enrolled at the University of Southern California. Approximately 60% of all USC students live in off-campus housing. This modern Coliving Space is not just great for students, but also great for young professionals. At the asking price, the property is being offered at $178,000 per suite with a projected 8.19% CAP rate and 11.00 GIM upon stabilization. Seller and broker's agent are not guarantee the square footage, bedroom/bathroom count, lot size or lot dimensions. It is Buyer's sole responsibility to perform investigations and satisfy themselves. Please do not disturb tenant. Seller will be doing a 1031 exchange.

Nearby schools

3/10
Lenicia B. Weemes Elementary School
Public,•K-5•0.3mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.6mi
2/10
John W. Mack Elementary School
Public,•K-5•0.6mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.8mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.1mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.2mi
3/10
Normandie Avenue Elementary School
Public,•K-5•1.3mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.3mi
/10
Maple Primary Center
Public,•K-1•1.8mi
3/10
Trinity Street Elementary School
Public,•K-5•1.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.4mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
5/10
Foshay Learning Center
Public,•K-12•0.3mi
3/10
Manual Arts Senior High School
Public,•9-12•1.0mi
4/10
West Adams Preparatory High School
Public,•9-12•1.5mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.3mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.0mi

Price History

Date
Event
Price
04/28/25
$5,700,000
01/24/22
Sold
$1,050,000
Condition Rating
Excellent
The property is brand new construction (built in 2024). The images show modern kitchens and bathrooms with new appliances and fixtures. The overall condition appears to be excellent, with no signs of deferred maintenance.
Pros & Cons

Pros

New Construction: The property is a brand new construction, minimizing immediate maintenance concerns and potentially attracting higher-quality tenants.
High-Demand Location: Located on the west side of the USC campus, capitalizing on the strong demand for off-campus housing from a large student population.
Strong Income Potential: Projected 8.19% CAP rate and 11.00 GIM upon stabilization, indicating a potentially lucrative investment opportunity.
Modern Coliving Space: Designed as a modern coliving space, appealing to both students and young professionals with private bedrooms and shared amenities.
Fully Equipped: Each floor is equipped with washers and dryers, a large living area, and a shared kitchen with brand new appliances and furniture, enhancing tenant convenience.

Cons

Reliance on Student Housing: The property's success is heavily reliant on the demand for off-campus housing from USC students, which could be affected by changes in university policies or enrollment trends.
Stabilization Required: The projected CAP rate and GIM are based on stabilization, meaning the property's actual performance may vary during the initial lease-up period.
Verification of Details Required: The listing agent does not guarantee the square footage, bedroom/bathroom count, lot size, or lot dimensions, requiring the buyer to conduct thorough due diligence.

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