Property Description

The SK Group is pleased to present the opportunity to acquire a student housing triplex located 2 blocks west of the University of Southern California (USC) Campus.
The properties sit on one 5,729 square foot parcel with 3,604 square feet of rentable space. The two separate structures include a one-story detached four- bedroom/three-bathroom single family home, built in 1908, and a two-story duplex, built in 2013, consisting of (2) non- rent controlled three-bedroom/three-bathroom units.
The properties provide tenants with gated entry, gated parking with 6 covered spaces, central A/C and heat and modern appliances. The single family home includes an in- unit washer and dryer and the duplex units share a washer and dryer located in the parking garage. Both structures are individually metered for water, gas and electric with tenants paying all utilities except the common area electricity.
The subject properties are situated at 1298 W 37th Place, north of Exposition Blvd. and east of Normandie Avenue. This property falls into the UPC Patrol areas, where DPS patrols the area surrounding USC 24 hours per day, 7 days a week to ensure community safety.
Conveniently located walking distance (0.5 miles) from Expo Park which includes The Natural History Museum of LA, Exposition Park Rose Garden, California African American Museum, Banc of California Stadium, The Coliseum, California Science Center and the highly anticipated $2 billion Lucas Museum of Narrative Art. Also just a short drive from the 110 and 10 freeways providing easy access throughout Los Angeles.
Tenants of this property are also within a short walk or bike ride from the USC Village located at Jefferson Blvd. and Hoover St. which includes Trader Joe’s, Target, Core Power Yoga, Wahlburgers and other restaurants.