1230 W 37th, Los Angeles, CA 90007
Local realty services provided by:ERA North Orange County Real Estate
1230 W 37th,Los Angeles, CA 90007
$2,950,000
- 11 Beds
- 10 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: daniel lewin
Office: younglewin advisors, inc.
MLS#:PW26224458
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,950,000
About this home
Unique Opportunity - 7 of 8 Units Vacant and Fully Renovated, One Block from USC, Majority 2 Bedroom Units. 1230 W. 37th Drive presents a unique investment opportunity in the USC Area with 7 of 8 units delivered vacant and rent-ready and offered at a low price per square foot and price per unit. In contrast to many similar offerings in the area, this asset is comprised of mainly 2 bedroom units, making it simpler to manage than the competition. This 8-unit, 19-bedroom property is located a short 5-minute walk to USC, the Metro Expo Light Rail Line and Exposition Park, home of the brand-new Lucas Museum of Narrative Art The property sits on a 7,519 SF pass-through lot running from 37th Drive to Exposition Blvd, with three buildings totaling approx. 5,179 SF. Six units have been fully renovated and two are brand-new 2026 construction. The vacancy presents the opportunity for a buyer to have full control to lease at market rates to non-students or rent the units at a student premium for the upcoming academic year. One unit is currently rented at market rate. Front building (1908): four 2 bed/1 bath units, all vacant. Middle building (new 2026, Certificate of Occupancy issued, 100% electric): a lower 4 bed/4 bath and an upper 2 bed/2 bath, both vacant. Rear building (1908): a lower 2 bed/2 bath (occupied) and an upper 3 bed/2 bath (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 $2,950,000, $368,750 per unit (compared to recent market averages of $640,0...
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Home facts
- Listing ID #:PW26224458
- Added:6 day(s) ago
- Updated:October 27, 2026 at 04:16 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:10
Finances and disclosures
- Price:$2,950,000
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