Multifamily Investment Group of BRC Advisors - BH, is pleased to offer for sale this three (3) unit, 16-bedroom + 14-bathroom Student Housing investment opportunity located at 1257 W. 37th Drive, just a short distance from the internationally renowned University of Southern California (USC). Consisting of two separate structures, these buildings were constructed of wood frame and stucco on a raised foundation built in 1906 with a square footage of 2,903 on a 6,600-square foot lot.
The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of one (1) 8+6 Single Family Residence, and two (2) studio units. There are approved plans & permits to demolish the existing (2) studios, and construct (2) 4+4 units (8-Beds + 8-Baths total). Each unit is about 1,100 sqft, and would each bring in approximately $4,800 ($1,200/bedroom).
Given the location, attractive local area amenities, and opportunity to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns.
PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.
