1230 W 37th , Los Angeles, CA 90007
$2,950,000
Est. Payment: $15,503.52/mo
11 Bed
10 Bath
0.17 Acres
Status: active | Days on site: 1
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CR-PB20845 - CR-PWLEWDAN
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House Description

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

Highlights

Listed by Daniel Lewin , 424-224-9344 Younglewin Advisors, Inc. , 562-318-0215. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.17

County

Los Angeles

Listing ID

PW26224458

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:11
  • ▪ Bathrooms:10

Exterior Features

Zoning:Assessor
Principal Interest
$15,504
Taxes
$1,881

Home Price

$2,950,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$590,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,503.52

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,503.52 $1,880.63 $0.00 $17,384.15
Yearly $186,042.24 $22,567.50 $0.00 $208,609.74
Total $5,581,267.20 $677,025.00 $0.00 $6,258,292.20

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-11-07T01:31:54.000Z

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