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1179 W 37Th St, Los Angeles, CA 90007
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1179 W 37Th St Los Angeles, CA 90007

$1,800,000 Sold Price as of 07/26/2023
  • 12 Beds
  • 7 Baths
  • 5,556 Sq.Ft.
Sold
$1,800,000 Sold Price as of 07/26/2023 Refinance Your Mortgage
Map preview of 1179 W 37Th St, Los Angeles, CA 90007

Property Overview: 1179 W 37Th St Los Angeles, CA has 12 bedrooms, 7 bathrooms, 5,556 living square feet and 7,784 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great 5 unit investment in an excellent location just a block from USC , this 5 unit property consist of 2-3 bedrooms 2 baths and 3-2 bedrooms 1 bath, the property seats on a large lot 7,840 sqft zone LARD1.5-1 and it is in the TOC tier 3 also this property is exempted from the City of LA RSO (Rent Stabilization Ordinance) it falls under the State AB 1482 which allows for yearly rent increments of 5% plus CPI but not to exceed 10% which will give you a great opportunity to increase rents year over year, located on a cul-de sac street and in the USC's DPS patrol zone, walking distance to the USC campus and the university village, super well located in the hart of it all, the Natural History Museum, LA Memorial Coliseum, California Science Center, BMO Stadium, Swim Stadium, and the Lucas Museum to be open 2025, 3 blocks from the Metro station and public transit bus stops, must see to appreciate, create your perpetual generational income, for more information schedule an appointment.

Listed by Juan Duarte | BRE #01029156 | First Class Real Estate
Last checked: 4 minutes ago | Last updated: July 27th, 2023 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
7,784
HOA Dues
$0/mo
Year built
1992
Garage
8 Car
Property Type:
Apartment
Status
Sold
MLS#
DW23065265
City
Los Angeles
County
Los Angeles
Time on Site
472 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 6
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $886
  • Total Rent: $886
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $886
  • Total Rent: $886
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $942
  • Total Rent: $942
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $85,968
  • Net Operating Income: $42,741
  • Gross Operating Income: --
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $43,227
  • Electric: $1,080
  • Licenses: $575
  • New Taxes: $25,000
  • Trash: $3,552
  • Gardener: $720
  • Insurance: $3,900
  • Professional Management: $0
  • Water/Sewer: $8,400

Property Details for 1179 W 37Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Gas Dryer Hookup, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile, Vinyl
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 5040030003
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Combination, Raised, Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Exposition Blvd and West of Vermont Ave.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1179 W 37Th St

Last sold for $1,800,000 on July 26th, 2023

  • July, 2023

  • Jul 26, 2023

    Date

    Sold

    CRMLS: DW23065265

    $1,800,000

    Price

  • Apr 24, 2023

    Date

    Active

    CRMLS: DW23065265

    $2,000,000

    Price

  • November, 2010

  • Nov 18, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1179 W 37Th St

Assessed Value (2020): $587,218
Year Land Value Improved Value Assessed Value
2020 $102,132 $485,086 $587,218

Home Value Compared to the Market

This property vs the competition

1179 W 37Th St sold on July 26, 2023 for 78.57% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $359.97 per/sqft which puts the price per square foot 50.28% lower than the current median sale per square foot for the city of Los Angeles.

About 1179 W 37Th St

Detailed summary of property

1179 W 37Th St is a apartment that recently sold in Los Angeles, CA 90007. This apartment offered 12 bedrooms, 7 bathrooms, roughly 5,556 living square feet, and sits on an approximately 7,784 square foot lot. 1179 W 37Th St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,800,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 78.57% higher than the current median priced home. Local homes that are currently for sale include 2634 Dalton Ave, 1026 W 24th St and 1862 W 20th St. While the average home in Los Angeles, CA is selling in 106 days, 1179 W 37Th St has a days on market of 28 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1179 W 37Th St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1179 W 37Th St

Public county record property details
Beds
8
Baths
5
Year built
1992
Sq. Ft.
5,556
Lot Size
7,840
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5040-030-003

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
16
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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