31
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$2,950,000
Est. payment /mo
11 Beds
10 Baths
7,521 Sqft Lot
New
1230 W 37th Los Angeles, CA 90007
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26224458
Bedrooms 11
Lot Size 7,521 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Unique Opportunity - 7 of 8 Units Vacant and Fully Renovated, One Block from USC, Majority 2 Bedroom Units. 1230 W. 37th Drive presents a unique investment opportunity in the USC Area with 7 of 8 units delivered vacant and rent-ready and offered at a low price per square foot and price per unit. In contrast to many similar offerings in the area, this asset is comprised of mainly 2 bedroom units, making it simpler to manage than the competition. This 8-unit, 19-bedroom property is located a short 5-minute walk to USC, the Metro Expo Light Rail Line and Exposition Park, home of the brand-new Lucas Museum of Narrative Art The property sits on a 7,519 SF pass-through lot running from 37th Drive to Exposition Blvd, with three buildings totaling approx. 5,179 SF. Six units have been fully renovated and two are brand-new 2026 construction. The vacancy presents the opportunity for a buyer to have full control to lease at market rates to non-students or rent the units at a student premium for the upcoming academic year. One unit is currently rented at market rate. Front building (1908): four 2 bed/1 bath units, all vacant. Middle building (new 2026, Certificate of Occupancy issued, 100% electric): a lower 4 bed/4 bath and an upper 2 bed/2 bath, both vacant. Rear building (1908): a lower 2 bed/2 bath (occupied) and an upper 3 bed/2 bath (vacant). Units are separately metered for electricity and gas (as applicable) with tenants paying directly. Property-wide private WiFi and 24/7 monitored security. Offered at $2,950,000, $368,750 per unit (compared to recent market averages of $640,0
Location
State CA
County Los Angeles
Zoning Assessor
Direction One block west of USC
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5040013022
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Daniel Lewin, DRE#01932742 Younglewin Advisors, Inc.
NEARBY SCHOOL & BUSINESS
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