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    1189 W 37Th Pl

    Los Angeles, CA 90007
    • $1,875,000
    • STATUS: Pending
    • ON SITE: 23 days
    • ID#: 21-758938
    Pending
    UPDATED: 57 min ago
    $1,875,000
    • 9
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,039
      SQFT
    • $617
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this 7,000 SF lot Development opportunity located at 1189 W. 37th Place, less than a block to the University of Southern California (USC). The site offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development of an additional 3 units, totaling a potential 7 buildable units. There is an existing duplex currently on the lot, rented and occupied with USC students.The property offers residents a highly desirable location, well situated in the DPS Patrol Zone, walking distance to campus and University Village - providing easy access to all of USCs landmarks, academic buildings, and entertainment options.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T07:42:18.483. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/119156822
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    1189 W 37Th Pl Los Angeles, CA 90007

    • Price: $1,875,000
    • Status: Pending
    • Updated: 57 min ago
    • ID#: 21-758938
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,039
    SQFT
    $617
    $/SQFT
    1939
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    We are pleased to offer for sale this 7,000 SF lot Development opportunity located at 1189 W. 37th Place, less than a block to the University of Southern California (USC). The site offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development of an additional 3 units, totaling a potential 7 buildable units. There is an existing duplex currently on the lot, rented and occupied with USC students.The property offers residents a highly desirable location, well situated in the DPS Patrol Zone, walking distance to campus and University Village - providing easy access to all of USCs landmarks, academic buildings, and entertainment options.
    Exterior Features

    Lot Size Area 7001 Other Structures Other Parking Garage Garage Total Parking 3

    Interior Features

    Baths Total 3.00 Cooling Other Equipment DishwasherFreezerRange/OvenRefrigerator Heating Other

    Property Features

    Assessed Total Value 1326510 Gross Income 125400 Gross Operating Income 121638 Like Units1 1 Like Units2 1 Net Operating Income 85146.00 Number Of Buildings 2 Number Of Units 2 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 36491 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Davis Saadian DRE#01921748 of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T07:42:18.483. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583