Est. cap rate

3.6%

Assumed rent, all units

$5,940/mo

Units

3

Price per unit

$331,667

Est. annual NOI

$35,640

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,613 sqft

Lot size

6,697 sqft

Year built

1924

Stories

1

Garage spaces

1

Pool

None

Status

Active

Days on market

33

MLS #

246519137

About this property

Looking for a value-add opportunity with serious upside? THREE UNITS just 0.7 miles from USC! This triplex offers generously sized units, a large approximately 6,697 SF lot, and plenty of room to explore additional improvements, including potential ADU development. With all three units delivered vacant, the next owner has the flexibility to renovate, reposition, and explore ways to maximize the property's income potential. Located within walking distance of USC, the property may be well suited for investors looking to explore student housing or other rental strategies. A rare opportunity to acquire a vacant multifamily property with substantial space and upside in a highly desirable USC-adjacent location. Easy to show, have your agent schedule an appointment today. Buyer to independently verify ADU feasibility, zoning, permitted uses, rents, and all development possibilities.

Location

1457 W 37th Dr

Los Angeles, Los Angeles, CA, 90018