1223 W 37th Place, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

1223 W 37th Place

Los Angeles, CA 90007
7,003 Lot Sq Ft
Built 1904
$1,550,000

Property Overview

USC-Area 3-Unit Property - 7.04% Current Cap Rate with Approx. 20% Rental Upside, 5-Minute Walk to USC. 1223 W. 37th Place presents a 3-unit, 10-bedroom investment opportunity located a short 5-minute walk to the USC campus and within walking distance of the Metro Expo Line. The property consists of a classic 1904 front house configured as a 4 bed/4 bath and two rear 2-story townhome-style 3 bed/3 bath units, totaling approx. 3,964 SF on a large 7,003 SF lot. Interiors feature wood-style flooring, original built-in woodwork in the front house, and updated kitchens and bathrooms. All three units are currently leased, providing in-place income. Offered at $1,550,000, $516,667 per unit and $391 per square foot, at a 7.04% current cap rate and 10.33 GRM. Current rents total $12,510/month ($150,120/year), with projected market rents of $15,000/month ($180,000/year), reflecting an 8.61 GRM and 7.94% cap rate. Located within USC's DPS patrol 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. Some photos have been virtually enhanced.

Home Details

Property type
Residential Income - Triplex
Year built
1904
Lot size
7,003 sq ft
Stories
2
Days on market
0
MLS status
Active
Architectural style
Craftsman
Zoning
LARD2

Features & Amenities

Appliances

  • Gas Range
  • Microwave
  • Refrigerator

Pool

  • None

Lot

  • Level
  • Rectangular Lot

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

1223 W 37th Place

Los Angeles, CA 90007

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Frequently Asked Questions About 1223 W 37th Place

Property type: Residential Income

The current asking price is $1,550,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1223 W 37th Place. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1904. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

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“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Daniel Lewin
MLS ID: PWLEWDAN

Available property

$1,550,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.