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$2,975,000
46 Beds ⋅ 39 Baths ⋅ 26855605 MLS ⋅ Active Status
We are pleased to present 1177 W. 37th Place, a fully entitled, ready-to-issue (RTI) ground-up student housing development located half a block from the University of Southern California. This is a rare opportunity for a developer or investor to acquire a shovel-ready, permit-in-hand project in one of Los Angeles' most supply-constrained and consistently performing rental submarkets, and to build and hold a brand-new, income-producing asset in the heart of the USC rental corridor. The current ownership has already carried the project through the time-consuming, capital-intensive, and risk-laden work of design, civil and structural engineering, full construction documents, plans, permits, and city approvals to a ready-to-issue status. An incoming buyer effectively steps in at the finish line of the entitlement process: this work is already complete, eliminating an estimated 12 to 18+ months of entitlement timeline and the associated discretionary risk. The buyer simply pulls permits and breaks ground. The approved plans, prepared by California Development & Design Inc., deliver a five-story, 19,900 GSF building - four levels of Type V-A residential over a Type I-A podium with ground-level parking and a residential lobby - comprising seven residential units plus a multi-level ADU (eight units total), 46 bedrooms and 39 bathrooms, purpose-built for a rent-by-the-bedroom student-housing model. The building is fully sprinklered (NFPA-13) and topped by a rooftop open space, and it additionally benefits from on-site parking income and a low-income housing subsidy component, diversifying the income stream beyond bedroom rents alone. On the economics, a developer acquires the RTI site at $2,975,000 and completes construction for an estimated all-in basis of roughly $8.85M - construction of approximately $5.09M plus financing and remaining costs. At stabilization, 46 bedrooms leasing at approximately $1,500 per bed, together with parking and subsidy income, generate approximately $860,400 of gross income and approximately $599,690 of net operating income, supporting a projected stabilized value of $10,000,000 at a 6.0% cap (12.1x GRM). That represents approximately $1.15M of value created over total cost and a ~6.8% return on cost, comfortably above prevailing market cap rates, with meaningful additional upside through refinance, rent growth, and a long-term hold.

1177 W 37th Place, Los Angeles
$1,650,000
PW26126766 MLS ⋅ Active Status
Well-maintained triplex consisting of three residential units with central heating. Featuring modern 2019 construction and improvements, this income-producing property is positioned in a high-demand rental market near USC, Exposition Park, Downtown Los Angeles, and major transportation corridors, offering excellent rental appeal and long-term investment potential.

608 W 50th Street, Los Angeles
$2,790,000
PW26126733 MLS ⋅ Active Status
The property is a modern quadplex featuring air conditioning and contemporary finishes throughout. Well positioned in a strong rental market, it offers excellent income-producing potential for investors. Conveniently located near the University of Southern California, Exposition Park, Downtown Los Angeles, and provides easy access to major freeways. Occupied by long term statble tenants.

715 W 47th Street, Los Angeles
$1,249,999
PW26132132 MLS ⋅ Active Status
Rare opportunity to acquire a fully remodeled triplex in the heart of Los Angeles featuring extensive permitted improvements completed in 2024. The property offers investors immediate cash flow with market rents already in place. For owner-users, the seller may deliver the property vacant, creating a unique opportunity to occupy one or more units while benefiting from rental income. The property consists of a spacious front residence and two rear units, all thoughtfully renovated with modern finishes throughout. Recent upgrades include remodeled kitchens and bathrooms, updated flooring, recessed lighting, dual-pane windows, a new roof, HVAC improvements, and a permitted ADU conversion. The front residence showcases an impressive open-concept floor plan with soaring vaulted ceilings, designer lighting, a large center island, and contemporary finishes that create a true single-family home feel. The rear units have also been extensively remodeled, providing turnkey living and strong rental appeal. Additional features include six on-site parking spaces, LAR2 zoning, separate living areas, and a prime location with convenient access to USC, Exposition Park, Downtown Los Angeles, major freeways, shopping, dining, and employment centers. Whether you’re seeking a turnkey investment, a multigenerational living opportunity, or an owner-user property with income potential, 845 W 56th Street offers flexibility, quality, and long-term value.

845 W 56th Street, Los Angeles
$775,000
4 Beds ⋅ 3 Baths ⋅ DW26122491 MLS ⋅ Active Under Contract Status
**LIVE, RENT, INVEST — Remodeled Los Angeles Property with Multiple Permitted Living Spaces** Discover a rare opportunity to own a versatile Los Angeles property designed for flexible living and income potential. Featuring a beautifully remodeled main residence plus additional permitted living spaces, this property is ideal for owner-occupants, multi-generational households, investors, and buyers looking to offset housing expenses through rental income. With multiple usable living areas, modern upgrades, and a fully gated lot with RV access, opportunities like this are increasingly difficult to find in today's market. The beautifully updated main residence offers approximately 1,056 sq ft with 2 bedrooms and 2 full bathrooms, highlighted by an open-concept floor plan, quartz countertops, modern cabinetry, oversized breakfast bar, upgraded flooring, fresh interior and exterior paint, newer A/C system, and updated plumbing and electrical. A detached studio with private entrance and bathroom creates an ideal space for extended family, guests, rental income, or a home office. The studio currently includes a shower installed by the owner; buyer to independently verify permit status with the City of Los Angeles Building and Safety. Adding even more versatility, the detached 2-car garage is accompanied by a large finished bonus/recreation room, perfect for entertaining, fitness, hobbies, workspace, or additional storage. The fully gated lot offers privacy, generous parking, and rare RV access. City records indicate the primary structures are permitted. The overall configuration provides approximately 4 bedrooms and 3 bathrooms across all usable spaces. Buyer to independently verify square footage, permits, bedroom and bathroom count, and permitted uses. Conveniently located near major freeways, shopping, dining, and public transportation. Whether you're an owner-occupant looking to offset expenses, a multi-generational household seeking flexible living arrangements, or an investor searching for strong rental potential, this property delivers exceptional value and opportunity. **Short sale subject to lender approval. Offers submitted promptly.**

3206 W 59th Street, Los Angeles
$830,000
RS26016797 MLS ⋅ Active Status
This Property is a Triplex all 3 units are detached, front house 3 bed one bath, middle unit 2 bed 1 bath and rear unit 2 bed one bath. All units are tentant occupied. The rear unit has its private back yard. with sqft total 1976 and a lot size of 9013. Located near everything. seller motivated.

9501 Holmes, Los Angeles
$1,098,000
PW25178315 MLS ⋅ Active Under Contract Status
** EXCELLENT INVESTMENT OPPORTUNITY ** New Build from the ground up in 2019. A Massive 2-Story building that boasts 3,847 sq/ft of living space on a 7,151 sq/ft lot. Both units are 5 bedrooms and 3 bathrooms. Amenities include- Double pane windows, granite countertops, wood cabinets, tile flooring in the Kitchen and Bathrooms, carpeted bathrooms, and forced Heat throughout. The property includes artificial Grass for minimal maintenance and water usage. Please do not disturb Occupants. AGENTS bring your investors. AMAZING OPPORTUNITY to add to your portfolio or get started with a newer building.

9543 Bandera Street, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.