$1,495,000
For Sale by Owner
Listed 2 months ago

4BR Multi-Family for Sale in Los Angeles, CA

1229 W 37th Dr, Los Angeles, CA 90007
4 Beds
2 Bath
Built 1906
PropSlick Verified Data Key facts & insights for this exact address
1906
Year Built
$6,992
Property Tax / yr
6,604 sf
Lot Size
Los Angeles
County

Key Facts

Property TypeMulti-Family
Year Built1906
Lot Size6,604 sq ft
Annual Property Tax$6,992

Property Description

ATTENTION USC STUDENT HOUSING DEVELOPERS: Rare TOC Tier 3 development opportunity in the heart of the USC DPS Patrol Zone, less than 1 block from campus. 6,600 SF lot zoned LARD2 with confirmed TOC Tier 3 incentives supports a development of approximately 7 units / 28+ beds under density bonus + ADU/JADU stack (buyer to verify with architect). Property to be delivered 100% VACANT at close of escrow - no RSO relocation costs, no tenant buyouts, no holding delays. Existing 3-unit improvement (2012-built rear units + front house, 5 bd / 3 ba total) provides optional holding income during entitlement, or immediate demolition to begin construction. Developer buyers - call listing agent for offering memorandum and feasibility study. Owner is motivated; reviewing offers on a rolling basis. Buyer to verify all development potential, zoning, and entitlement options with City of Los Angeles Planning and own consultants. Tours by appointment only - please do not disturb existing occupants.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Washer/Dryer

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
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Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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