1183 W 37th Drive

    Los Angeles (City), CA 90007
    • $851,500
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: PW18216258
    UPDATED: 31 min ago
    $851,500
    • 2
      BEDS
    • 0.09
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 1,036
      SQFT
    • $822
      $/SQFT
    Type:
    Single-Family Home
    Built:
    1921
    County:

    School Ratings & Info

    School District:

    Description

    USC student housing property located at 1183 West 37th Drive in Los Angeles, CA in the coveted 90007 zip code. The subject property is located less than one block from the University of Southern California's main campus, within the DPS and CSC patrol areas and is walking distance to Exposition park which is home to the world-famous LA Coliseum, the brand-new LAFC Banc of California Stadium and the under-construction $1 Billion George Lucas Narrative Art Museum. The property is also located within walking distance of the Metro Light Rail Expo Line, servicing both Downtown LA and Santa Monica. The asset currently consists of a 1,036 square foot two bedroom/one bathroom house with a large living room, dining room, and den as well as a laundry room. The property would likely be as a tear down for new student housing construction. There is significant development value in the 4,000 square foot LARD2 zoned lot. By-right, the property would support a new development of 2 new units (buyer to verify with the city) The property is located in the Tier 4 eligibility zone for a TOC project but is too small by-right to qualify as-is and would require an assemblage to access these bonuses.The property is owner-occupied and will be delivered vacant. The property offers an investor the flexibility to operate the existing improvements as a student housing property while moving forward with the planning process for a new development.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T11:28:25.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87406248

    1183 W 37th Drive Los Angeles (City), CA 90007

    • Price: $851,500
    • Status: Active
    • Updated: 31 min ago
    • ID#: PW18216258
    2
    Beds
    1
    Baths
    0
    ½ Baths
    0.09
    Acres
    1,036
    SQFT
    $822
    $/SQFT
    1921
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    School District:
    Los Angeles Unified
    Property Description
    USC student housing property located at 1183 West 37th Drive in Los Angeles, CA in the coveted 90007 zip code. The subject property is located less than one block from the University of Southern California's main campus, within the DPS and CSC patrol areas and is walking distance to Exposition park which is home to the world-famous LA Coliseum, the brand-new LAFC Banc of California Stadium and the under-construction $1 Billion George Lucas Narrative Art Museum. The property is also located within walking distance of the Metro Light Rail Expo Line, servicing both Downtown LA and Santa Monica. The asset currently consists of a 1,036 square foot two bedroom/one bathroom house with a large living room, dining room, and den as well as a laundry room. The property would likely be as a tear down for new student housing construction. There is significant development value in the 4,000 square foot LARD2 zoned lot. By-right, the property would support a new development of 2 new units (buyer to verify with the city) The property is located in the Tier 4 eligibility zone for a TOC project but is too small by-right to qualify as-is and would require an assemblage to access these bonuses.The property is owner-occupied and will be delivered vacant. The property offers an investor the flexibility to operate the existing improvements as a student housing property while moving forward with the planning process for a new development.
    Exterior Features

    Attached Garage YN No Garage Spaces 2.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No View None View YN No

    Interior Features

    Bathrooms Full 1 Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Laundry Features Inside Levels One Main Level Bathrooms 1 Main Level Bedrooms 2 Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Urban Country Us Elevation Units Feet Land Lease YN No Laundry YN Yes Lease Considered YN No Living Area Units Square Feet New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Unknown Special Listing Conditions Standard Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Daniel Lewin of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T11:28:25.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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