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1229 W 37th Drive Los Angeles, CA $ 1,495,000
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1229 W 37th Drive
$ 1,495,000
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1229 W 37th Drive

Los Angeles, CA, 90007
$ 1,495,000
Baths1.0 Sq 2,100

Monthly Estimate*

$ 9,205

Listed by CITYWIDE ELITE REALTY
1229 W 37th Drive, Los Angeles, CA 90007 - Image 1
1229 W 37th Drive, Los Angeles, CA 90007 - Image 2
1229 W 37th Drive, Los Angeles, CA 90007 - Image 3
Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,495,000 with 1 full bath. This 2,100 square foot home was built in 1906 on a lot size of 0.1516.

ATTENTION USC STUDENT HOUSING DEVELOPERS: Rare TOC Tier 3 development opportunity in the heart of the USC DPS Patrol Zone, less than 1 block from campus. 6,600 SF lot zoned LARD2 with confirmed TOC Tier 3 incentives supports a development of approximately 7 units / 28+ beds under density bonus + ADU/JADU stack (buyer to verify with architect). Property to be delivered 100% VACANT at close of escrow — no RSO relocation costs, no tenant buyouts, no holding delays. Existing 3-unit improvement (2012-built rear units + front house, 5 bd / 3 ba total) provides optional holding income during entitlement, or immediate demolition to begin construction. Developer buyers — call listing agent for offering memorandum and feasibility study. Owner is motivated; reviewing offers on a rolling basis. Buyer to verify all development potential, zoning, and entitlement options with City of Los Angeles Planning and own consultants. Tours by appointment only — please do not disturb existing occupants.

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Multi-Family Active

Price

$ 1,495,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1516

Year Built

1906

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

WS26106991

Days on Market

2
Features
General
Sewer Public Sewer
Zoning LARD2
Garage Spaces 0
Pool Features None
Year Built 1906
Tenant Pays Cable TV Electricity Gas
Property Subtype Single Family Residence
Gross Income 33000
Community Features Curbs
County Los Angeles
Net Operating Income 33000
Operating Expense 3000
Insurance Expense 150
New Construction false
Property Type Residential Income
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions West ExpoBlvd N Catalina St W 37th Dr
City Los Angeles
Entry Location Front Door
Senior Community Y/N false
Number Of Units Total 3
MLS Area C34 - Los Angeles Southwest
Lot Size Units Square Feet
Lot Size Square Feet 6602
Number of Units Leased 1
Listing Terms Cash Cash to New Loan
Property Attached Y/N false
Land Lease Y/N false
Trash Expense 50
Water Sewer Expense 50
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Estimated
Tax Lot 25
Total Actual Rent 1500
Property Sub Type Additional Single Family Residence
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Interior
Total Stories 1
Common Walls No Common Walls
Laundry Features Washer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 0
Lot Size Area 6602
Number of Buildings 2
Building Area Total 2100
Lot Size Acres 0.1516
Private Pool false
Lot Size Source Estimated
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded Features
List By
Citywide Elite Realty

Broker

citywide.realty@yahoo.com

Email

Affordability Calculator

$9,205
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,205
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/19/2026$1,495,000 Listed Price

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1229 W 37th Drive, Los Angeles, CA, 90007 is a Multi-Family Home for sale at $1,495,000 with 2,100 sqft and a lot size of 0.1516. 1229 W 37th Drive is a studio with 1.0 baths and was built in 1906. The property's zip code is 90007 which is in Los Angeles, CA

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