1229 West 37th Drive

Los Angeles, CA 90007

$1,499,999
Price
4
Beds
3
Baths
2,100 Sq. Ft.
$714 / Sq. Ft.
2,100
Sq. Ft.
$714
per Sq. Ft.

Description

Calling all investors. Great development and also potential cashflow opportunity. Property is located 1 block WEST of USC, and within the security patrol zone. 2 Units were recently added in 2016, with permits, and have been collecting 3k a month total since then. Units are 1bed/1bath each and come nicely equipped with a gas stove, a standard size fridge, a wall ac unit, and 1 open air parking space. Parking is also easily accessible via an electric motor gate that leads directly to and from the...Calling all investors. Great development and also potential cashflow opportunity. Property is located 1 block WEST of USC, and within the security patrol zone. 2 Units were recently added in 2016, with permits, and have been collecting 3k a month total since then. Units are 1bed/1bath each and come nicely equipped with a gas stove, a standard size fridge, a wall ac unit, and 1 open air parking space. Parking is also easily accessible via an electric motor gate that leads directly to and from the alley. Front house has had plumbing and electrical upgrades as well---full house wiring and plumbing. House also has dual pane windows throughout.
  1. Listed by RICARDO GONZALEZ • DRE #01183189 • Brokerage DRE #01183189 • CITYWIDE ELITE REALTY • 323-702-1832

Property Details for 1229 West 37th Drive

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Estimated
Living Area
2100
Assessor Parcel Number
5040-014-024
Property Attached YN
false
LISTING UPDATED: 12/10/2024 02:16 PM

Property Details for 1229 West 37th Drive

StatusActive
MLS #WS24127434
Days on Market154
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
Lot Size0.15 AC / 6,602 SF
CountyLos Angeles County

Building Information for 1229 West 37th Drive

Stories1Residences-Year Built1906Building Size-Lot Size0.15 AC / 6,602 SF

Property Information for 1229 West 37th Drive

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $33,000
  • Gross Scheduled Income: $36,000
  • Net Operating Income: $33,000
Expense Details
  • Operating Expense: $3,000
  • Insurance Expense: $150
  • Trash Expense: $50
  • Water Sewer Expense: $50
  • Total Expenses: $3,000
Tax / Assessment Info
  • Tax Block: 5
  • Tax Tract Number: 222600
  • Tax Census Tract: 2226
  • CFD/Mello-Roos Fee: $450
  • Tax Lot: 25
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: Front Door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 2

Property History for 1229 West 37th Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1229 West 37th Drive

Taxable ValueLand$332,296Additions$204,656Total$536,952
Tax Record2024$6,888 ($574 / month)
Home Facts
Total Finished SqFt2,041 SqFtAbove Grade Finished SqFt2,041 SqFtLot Size6,600 SqFtStyleTriplexYear Built1906ZoningLARD2CountyLOS ANGELESAPN5040-014-024

Schools near 1229 West 37th Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Lenicia B. Weemes Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1229 West 37th Drive is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on July 15, 2024 by CITYWIDE ELITE REALTY, it's currently listed at $1,499,999. It has been on the market for a total of 154 days and was last sold on December 23, 1996. This listing's school district is Los Angeles Unified School District. Nearby schools include Lenicia B. Weemes Elementary School, Foshay Learning Center and Manual Arts Senior High School. 1229 West 37th Drive is a 4-bed, 3-bath, 2,100 sqft multi-family home built in 1906.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CITYWIDE ELITE REALTY, RICARDO GONZALEZ, DRE #01183189

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.