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.
For sale
Listed by: CITYWIDE ELITE REALTY • RICARDO GONZALEZ • Contact: 323-702-1832
Price increase: $145K (5/19)
$1,495,000
1229 W 37th Dr, Los Angeles, CA 90007
5beds
3baths
2,100sqft
:
Get pre-qualified$10,104/mo
Multi Family
Built in 1906
-- sqft lot
$1,439,300 Zestimate®
$712/sqft
$-- HOA
What's special
- 73 days |
- 33 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
RICARDO GONZALEZ DRE #01183189 323-702-1832,
CITYWIDE ELITE REALTY
Source: CRMLS,MLS#: WS26106991
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
Property
Features
- Entry location: Front Door
- Pool features: None
Lot
- Size: 6,602 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 5040014024
- Zoning: LARD2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1906
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $712/sqft
- Tax assessed value: $547,690
- Annual tax amount: $6,993
- Date on market: 5/18/2026
- Cumulative days on market: 73 days
- Listing terms: Cash,Cash to New Loan
- Total actual rent: 1500
- Tenant pays: Cable TV, Electricity, Gas
Estimated market value
$1,439,300
$1.37M - $1.51M
$3,799/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Price change | $1,495,000+10.7%$712/sqft |
Source:  CRMLS #WS26106991 Report a problem | ||
| 2/13/2025 | Listed for sale | $1,349,999$643/sqft |
Source: CRMLS #WS24127434 Report a problem | ||
| 2/8/2025 | Pending sale | $1,349,999$643/sqft |
Source: CRMLS #WS24127434 Report a problem | ||
| 1/18/2025 | Price change | $1,349,999-6.9%$643/sqft |
Source: CRMLS #WS24127434 Report a problem | ||
| 12/19/2024 | Price change | $1,449,999-3.3%$690/sqft |
Source: CRMLS #WS24127434 Report a problem | ||
| 12/18/2024 | Listing removed | $5,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/11/2024 | Price change | $1,499,999-9.1%$714/sqft |
Source: CRMLS #WS24127434 Report a problem | ||
| 11/12/2024 | Listed for rent | $5,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/17/2024 | Price change | $1,649,995-8.3%$786/sqft |
Source: CRMLS #WS24127434 Report a problem | ||
| 7/16/2024 | Listed for sale | $1,799,000+1646.6%$857/sqft |
Source: CRMLS #WS24127434 Report a problem | ||
| 11/1/1996 | Sold | $103,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,993 +1.5% | $547,690 +2% |
| 2024 | $6,888 +84.2% | $536,952 +91% |
| 2023 | $3,738 +4.4% | $281,186 +2% |
| 2022 | $3,580 +1.6% | $275,673 +2% |
| 2021 | $3,524 -0.8% | $270,269 +1% |
| 2020 | $3,554 | $267,498 +2% |
| 2019 | $3,554 +7.5% | $262,254 +2% |
| 2018 | $3,305 | $257,113 +2% |
| 2017 | $3,305 +3.1% | $252,073 +2% |
| 2016 | $3,205 +3% | $247,131 +1.5% |
| 2015 | $3,112 +57.3% | $243,420 +59.8% |
| 2014 | $1,978 | $152,331 +14.1% |
| 2012 | -- | $133,544 +2% |
| 2011 | -- | $130,927 +0.8% |
| 2010 | -- | $129,950 -0.2% |
| 2009 | -- | $130,259 +2% |
| 2008 | -- | $127,706 +2% |
| 2007 | -- | $125,203 +2% |
| 2006 | -- | $122,749 |
| 2005 | -- | $122,749 +4% |
| 2004 | -- | $117,985 +1.9% |
| 2003 | -- | $115,824 +2% |
| 2002 | -- | $113,554 +4% |
| 2000 | -- | $109,146 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Los Angeles
Nearby schools
GreatSchools rating
- 4/10Lenicia B. Weemes Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Foshay Learning CenterGrades: K-12Distance: 0.7 mi
- 3/10Manual Arts Senior High SchoolGrades: 9-12Distance: 0.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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