Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

2,053 sqft

Lot size

7,003 sqft

Year built

1904

Stories

0

Heating

Fireplace(s)

Cooling

None

Status

Active

Days on market

8

MLS #

246234805

About this property

An exceptional opportunity for investors, developers, or owner-users in the USC/Exposition Park area. This approximately 7,000-square-foot lot currently features two separate residential units, offering immediate flexibility with significant potential for future development. The front residence is an approximately 1,400 sqftt 3-bed, 2-bath home, complemented by a detached rear unit of approximately 600 sqft with 2 bedrooms and 1 bath. The detached configuration provides excellent separation between the two residences and creates a compelling setup for an owner-user, multigenerational household, or investor. Adding to the property's upside is an existing garage with potential for ADU conversion. The property is zoned LARD1.5 (Restricted Density Multiple Dwelling). The potential for up to four additional units creates an attractive development scenario for buyers looking to maximize the site's residential potential. Situated approximately one mile from USC, the property offers convenient access to the University of Southern California, Exposition Park, Downtown Los Angeles, and surrounding transit and amenities. Whether you're seeking an income-producing property, a property with room to expand, or a development opportunity in a high-demand Los Angeles location, the property presents a rare combination of existing housing and future upside.

Location

1379 W 37th Place

Los Angeles, Los Angeles, CA, 90007