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    1020 W 39th Place

    Los Angeles, CA 90037
    • $1,400,000
    • STATUS: ACTIVE
    • ON SITE: 21 days
    • ID#: 303014513
    UPDATED: 39 min ago
    $1,400,000
    • 4
      BEDS
    • 0.15
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 1,687
      SQFT
    • $830
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1908
    County:

    School Ratings & Info

    Description

    Prime student housing development opportunity. Property is walking distance to the LAFC stadium, Metro Light Rail Line Expo station, serving both Downtown LA & Santa Monica and Exposition Park. The property is located approximately three blocks from the main University Park campus of the University of Southern California, a nationally recognized Pac-12 research university with 45,687 students and 19,596 faculty and staff members, the majority of whom desire to live in close proximity to campus. The proper Prime student housing development opportunity. Property is walking distance to the LAFC stadium, Metro Light Rail Line Expo station, serving both Downtown LA & Santa Monica and Exposition Park. The property is located approximately three blocks from the main University Park campus of the University of Southern California, a nationally recognized Pac-12 research university with 45,687 students and 19,596 faculty and staff members, the majority of whom desire to live in close proximity to campus. The property itself currently consists of a 1,687 square foot single family house on a 6,673 square foot. A developer would have the option to raze the site and construct more new units or renovate the existing house and build additional units in the rear. The property benefits from alley access as well, allowing a potential developer greater flexibility with the layout of the new construction project. (buyer to verify with the city). The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the$ 1 Billion George Lucas Narrative Art museum that recently broke ground. Additionally, USC recently completed their $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.yournextcalihome.com/homes/114009527
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    1020 W 39th Place Los Angeles, CA 90037

    • Price: $1,400,000
    • Status: ACTIVE
    • Updated: 39 min ago
    • ID#: 303014513
    4
    Beds
    1
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,687
    SQFT
    $830
    $/SQFT
    1908
    Built
    Neighborhood:
    Los Angeles (90037)
    County:
    Los Angeles
    Area:
    Los Angeles (90037)
    Property Description
    Prime student housing development opportunity. Property is walking distance to the LAFC stadium, Metro Light Rail Line Expo station, serving both Downtown LA & Santa Monica and Exposition Park. The property is located approximately three blocks from the main University Park campus of the University of Southern California, a nationally recognized Pac-12 research university with 45,687 students and 19,596 faculty and staff members, the majority of whom desire to live in close proximity to campus. The proper Prime student housing development opportunity. Property is walking distance to the LAFC stadium, Metro Light Rail Line Expo station, serving both Downtown LA & Santa Monica and Exposition Park. The property is located approximately three blocks from the main University Park campus of the University of Southern California, a nationally recognized Pac-12 research university with 45,687 students and 19,596 faculty and staff members, the majority of whom desire to live in close proximity to campus. The property itself currently consists of a 1,687 square foot single family house on a 6,673 square foot. A developer would have the option to raze the site and construct more new units or renovate the existing house and build additional units in the rear. The property benefits from alley access as well, allowing a potential developer greater flexibility with the layout of the new construction project. (buyer to verify with the city). The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the$ 1 Billion George Lucas Narrative Art museum that recently broke ground. Additionally, USC recently completed their $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces.
    Exterior Features

    Lot Size 4000-7499 SF Parking Spaces Total 3 Pool N/K Residential Styles Detached Residential Unit Location No Common Walls View N/K

    Interior Features

    Bath Totals 1 Bedrooms Total 4 Cooling N/K Fireplace N/K Laundry Utilities Washer Hookup Searchable Rooms Bonus Room Stories 2 Story

    Property Features

    Assessments Unknown Home Owners Fees 0.0 Sales Restrictions Standard Sewer Septic Public Sewer Terms Cash To New Loan Water Public Zoning Lard1.5

    Listing provided courtesy of Monarch Real Estate Services. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    The Legacy Real Estate Team
    10620 Treena St, Suite 230
    San Diego CA, 92131