1366 West 37th Place

Los Angeles, CA 90007

$1,150,000
Price
10
Beds
6
Baths
3,678 Sq. Ft.
$313 / Sq. Ft.
3,678
Sq. Ft.
$313
per Sq. Ft.

Description

PRICE REDUCED BY $200K. 6-unit apartment building located within the USC Patrol Zone. The property is located 2.5 blocks west of the USC Campus and currently has two vacant 1 bedroom bungalow-style units. With an ideal unit mix of four 1 bedroom 1 bath, one 3 bedroom 1 bath, and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy to student housing. 2.5 blocks away from this property, the $1 Billion dollar Lucas Museum's structure is taking shape....PRICE REDUCED BY $200K. 6-unit apartment building located within the USC Patrol Zone. The property is located 2.5 blocks west of the USC Campus and currently has two vacant 1 bedroom bungalow-style units. With an ideal unit mix of four 1 bedroom 1 bath, one 3 bedroom 1 bath, and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy to student housing. 2.5 blocks away from this property, the $1 Billion dollar Lucas Museum's structure is taking shape. The 5-story museum includes 300,000 SF of exhibition space, which will house the 100,000-piece collection of George Lucas' paintings, sculpture, photographs and other forms of art related to film. Next to the Lucas Museum stands the L. A. Coliseum, site of the 2028 Olympic Games.
  1. Listed by Darin Spillman • DRE #01366902 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1366 West 37th Place

Zoning
LARD2
Parcel Number
5040011005
Total Units
6.0
Living Area
3678
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
33.33%
Lot Size Area
6603
LISTING UPDATED: 07/10/2024 12:41 PM

Property Details for 1366 West 37th Place

StatusActive
MLS #24-409041
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1904
Lot Size0.15 AC / 6,603 SF
CountyLos Angeles County

Building Information for 1366 West 37th Place

Stories2Residences-Year Built1904Building Size-Lot Size0.15 AC / 6,603 SF

Property Information for 1366 West 37th Place

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: apt
Contract Info
Contract Info
  • Financing: Conventional
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $97,212
  • Net Operating Income: $59,134.00
  • Gross Income: $97,212
  • Cap Rate: 4.40%
  • Gross Rent Multiplier: $13.90
  • Total Annual Expense: 36133
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1516
  • Lot Size Square Feet: 6603
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-27-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,296.00
  • Unit Actual Rent: $5,187.00
  • Unit Projected Rent: $5,187.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,462.00
  • Unit Actual Rent: $1,462.00
  • Unit Projected Rent: $1,462.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,452.00
  • Unit Actual Rent: $1,452.00
  • Unit Projected Rent: $1,452.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $149,282.00
  • Assessed Improvement Percent: 56.52
  • Assessed Land Value: $114,826.00
  • Assessed Land Percent: 43.48
  • Assessed Total Value: $264,108.00

Property History for 1366 West 37th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1366 West 37th Place

Taxable ValueLand$114,826Additions$149,282Total$264,108
Tax Record2023$4,096 ($341 / month)
Home Facts
Total Finished SqFt3,678 SqFtAbove Grade Finished SqFt3,678 SqFtLot Size6,601 SqFtStyleMulti-Family Res (5+ Units)Year Built1904ZoningLARD2CountyLOS ANGELESAPN5040-011-005

Schools near 1366 West 37th Place

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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1366 West 37th Place is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on June 26, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,150,000. 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. 1366 West 37th Place is a 10-bed, 6-bath, 3,678 sqft multi-family home built in 1904.

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 Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902

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.