$1,495,000
1229 W 37th Drive, Los Angeles CA 90007
Multi-Family (3 Units)
Property type
18 days
On market
$712
Price per sqft
0 cars
Garage
1906
Year built
6,602 sqft
Lot size
Open Houses
Overview
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%...
Listing provided by: RICARDO GONZALEZ DRE #01183189, CITYWIDE ELITE REALTY
Listing updated: May 21, 2026 at 01:38pm.
Last checked: Jun 5, 2026 at 09:30am
Source: CRMLS #WS26106991
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 1 | — | $0 | $0 | $4,500 | Unfurnished |
| 2 | 1 | 1 | — | $1,399 | $1,399 | $2,798 | Unfurnished |
# of Buildings: 2
# of Units Total: 3
Separate Electric Meters: 3
Separate Gas Meters: 3
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 1
Total Actual Rent: $1,500
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
41.5x
List Price / Annual Gross Rent
Cap Rate
2.21%
NOI / List Price
Gross Scheduled Income: $36,000
Operating Expense: $3,000
Net Operating Income: $33,000
Annual Operating Expenses
Insurance: $150
Trash: $50
Water / Sewer: $50
Interior
Laundry: Washer Hookup, Gas Dryer Hookup
Entry Location: Front Door
Exterior
Property Attached: No
Stories Total: 1
Common Walls: No Common Walls
Lot Features: Two To Five Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5040014024
Additional Parcels: No
Tax Lot: 25
Zoning: LARD2
Tax Block: 5
Community
Senior Community: No
Community Features: Curbs
Nearby Schools
Nearby schools around the 1229 W 37th Drive, Los Angeles, CA 90007. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,196,000
Total Interest
$1,525,432
Total Payment
$2,721,432
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$9,267
per month
Property History for 1229 W 37th Drive
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90007.
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