1241 W 37th Drive, Los Angeles, CA, 90007

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$1,800,000
9 Days On Site

1241 W 37th Drive
Los Angeles, CA 90007

For Sale|Triplex|Active
0
Beds
0
Total Baths
3,727
SqFt
$483
/SqFt
1907
Built
County:
Los Angeles
Listed by Daniel Lewin of Younglewin Advisors, Inc. dan@younglewin.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
1241 W 37th Drive1241 W 37th Drive1241 W 37th Drive1241 W 37th Drive
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Unique Opportunity - 3-unit, 10-bedroom USC-area investment just a 5-minute walk to campus with2 units delivered vacant. 1241 W. 37th Drive offers two buildings totaling approx. 3,727 SF on a 6,600 SF lot with ample on-site parking. As a 3-unit property, it may qualify for residential financing, and 2 of the 3 units will be delivered vacant, giving a buyer the flexibility to lease to non-student tenants or achieve a student housing premium at market for the upcoming academic year. Front house (1907): a fully renovated 4 bed/4 bath home, currently occupied. Rear building (2013): a 2-story townhome-style building with two 3 bed/3 bath units, each with in-unit laundry, both 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 $1,800,000, $600,000 per unit and $483 per SF. Projected market rents total $12,800/month ($153,600/year), reflecting a 11.27 market GRM and 5.91% market cap rate, with a price per SF below the recent USC-area sales average of approx. $585 per SF. Located within USC's DPS patrol zone and free Lyft ride zone, steps from Exposition Park, the LA Memorial Coliseum, BMO Stadium, the new Lucas Museum of Narrative Art, and Expo Line access, with the area set to host major events for the 2028 Olympic Games. May be purchased together with 1230 W. 37th Drive across the street or separately. Do not disturb occupant.

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Listing Snapshot
Price 
$1,800,000
Days On Site 
9 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,727 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1516 Acres
Year Built 
1907
MLS Number 
PW26224491
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing first seen on site
a week agoListing updated with changes from the MLS
General Features
Acres 
0.1516
Land Lease 
No
Number Of Stories 
2
Property Sub Type 
Triplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3727
Water Source 
Public
Interior Features
Laundry Features 
Inside
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Exterior Features
Lot Features 
LevelRectangular Lot
Pool Features 
None
Community Features
MLS Area 
C16 - Mid Los Angeles
Financing Terms Available 
Conventional
Building Access 
W 37th Dr


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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