1240 W 37th Place Los Angeles, CA $ 1,100,000
1240 W 37th Place
$ 1,100,000
Recently Listed

1240 W 37th Place Los Angeles, CA, 90007

$ 1,100,000
Bedrooms 4 Baths1.0 Sq 1,590

Monthly Estimate*

$ 4,265

How much can I afford?
1240 W 37th Place, Los Angeles, CA 90007 - Image 1
1240 W 37th Place, Los Angeles, CA 90007 - Image 2
1240 W 37th Place, Los Angeles, CA 90007 - Image 3
1240 W 37th Place, Los Angeles, CA 90007 - Image 4

Single Family Home for sale in Los Angeles, CA

for $1,100,000 with 4 bedrooms and 1 full bath. This 1,590 square foot home was built in 1905 on a lot size of 0.1515 Acre(s).

Prime student housing development opportunity located in the highly-sought after 90007 zip code. The property is located one and a half 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, 590 square foot single family house on a 6, 600 square foot RD2 zoned lot allowing for a by-right development of up to three units (buyer to verify with the city). A developer would have the option to raze the site and construct three new units or renovate the existing house and build two additional units in the rear. The property benefits from rear alley access as well, allowing a potential developer greater flexibility with the layout of the new construction project. 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 less than a mile away from the subject property, 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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Single Family Active

Price

$ 1,100,000

Bedrooms

4

Full Bath

1

Property Type

Single Family

Lot Size

0.1515 Acre(s)

Year Built

1905

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW18287228

Features
Rooms Size
Family Room
Interior
Heating System Central Heat Other
Water Source Public Water
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Exterior
Land Improvements Street Lights
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Miscellaneous
Location Urban
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* Excluded Features
List By

Listing Agent

Marcus & Millichap

Broker


Affordability

$ 4,265 per month
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Monthly Principal & Interest
$4,265
Monthly Property Taxes
--
Monthly Home Insurance
--

Default based on a 30-year fixed rate of 4.125% 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
Los Angeles Unified School District

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1240 W 37th Place, Los Angeles, CA, 90007 is a Single Family Home for sale at $1,100,000 with 1,590 sqft and a lot size of 0.1515 Acre(s). 1240 W 37th Place has 4 bedrooms, 1.0 baths, and was built in 1905. The property's zip code is 90007 which is in Los Angeles, CA