1320 W 37TH ST, LOS ANGELES, CA 90007

Introducing the all new luxurious Palmeras Residences with $19k/mo ($228k/year) income designed for USC students 2 blocks from campus. Current tenants are USC students. The building was gutted & finished in 2022 with new plumbing, electrical with a 5 meter panel, central HVAC in each unit, tankless water heaters, kitchens with appliances, laundry inside each unit, new bathrooms. Furnished 3 beds 3 baths each. This is not coliving. Not student housing business. Benefits of student tenants: 1) they have guarantors, 2) they move out when they graduate in 1 to 2 years & rents reset, 3) during a downturn school enrollment goes up & demand continues. In DPS zone, USC patrols the area 24 hrs/day. Alarm systems. 12 parking spots. 5 blocks to Expo/Vermont Metro Station & the new Lucas Museum opening in 2023 a giant outdoor restaurant & shopping experience. 25% upside potential on rents without capitalimprovements. No deferred maintenance. Potential for double occupancy & charge for parking & WiFi.