Student housing development opportunity located at 1235 West 37th Place in Los Angeles, California. The offering is in a highly sought-after student housing location just one block from the University of California and within the CSC and DPS patrol area. The property is also within walking distance to the Metro Expo light rail line, which connects Downtown to West Los Angeles. Additionally, the property is just a short walk from USCs new $700 million University Village. University Village offers students over 500,000 square feet of academic spaces, restaurants and major retailers that include Trader Joes, Target, Bank of America, Starbucks and more. The offering consists of a 6,998-square foot lot zoned LARD2 allowing for six units to be built (buyer to verify with the city, broker makes no warranties). The property is not subject to HPOZ review. Additionally, the property is in a Tier 3 Transit- Oriented Community (TOC), allowing for potential additional development bonuses.
1235 West 37th Place currently features two units with a total of five bedrooms.
Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting. Listed by Steven Bogoyevac, Steven M. Bogoyevac, Broker.