1223 W 37th Place, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:ERA Excel Realty
1223 W 37th Place,Los Angeles, CA 90007
$1,550,000
  • - Beds
  • - Baths
  • 3,964 sq. ft.
  • Multi-family
  • Active
Listed by: daniel lewin
Office: younglewin advisors, inc.562-318-0215
MLS#:PW26241175
Source:CRMLS

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$391.02

About this home

USC-Area 3-Unit Property - 6.64% 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 6.64% 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 8.39% cap rate. Located within USC's DPS patrol zone, steps from Exposition Park,...

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Home facts

  • Year built:1904
  • Listing ID #:PW26241175
  • Added:1 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Flooring:Laminate, Wood
  • Kitchen Description:Gas Range, Microwave, Refrigerator
  • Living area:3,964 sq. ft.

Structure and exterior

  • Year built:1904
  • Building area:3,964 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Level with Street, Rectangular Lot
  • Architectural Style:Craftsman
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$391.02
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