Est. cap rate

2.4%

Assumed rent, all units

$3,960/mo

Units

2

Price per unit

$500,000

Est. annual NOI

$23,760

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,776 sqft

Lot size

6,502 sqft

Year built

1908

Stories

2

Garage spaces

0

Cooling

See Remarks

Pool

None

View

None

Status

Active

Days on market

48

MLS #

242293871

About this property

GREAT Development Opportunity zoned R2 with approximately 65 feet of frontage and 100 feet of depth. Located near USC, this LAR2-zoned property is ideally positioned in one of Los Angeles’ strongest student housing and rental markets, offering investors and developers exceptional long-term potential. Duplex situated on a large 6,501 square foot lot. Front house it being used as a 5 bedroom 2 bath home. There's a spacious detached 1 bed 1 bath unit in the rear. Both units have a NEW ROOF installed in 2025. Owner occupied and can be delivered VACANT. Prime location near USC, University Village, Exposition Park, BMO Stadium, Downtown Los Angeles, and major transit corridors (E Line less than 3 blocks away!), the property presents a compelling opportunity for redevelopment, expansion, or cosmetic updates to meet the continued demand for housing in the area. Also listed under residential DW26102332

Location

1472 W 37th Street

Los Angeles, Los Angeles, CA, 90018