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1226 W 37Th Dr, Los Angeles, CA 90007
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1226 W 37Th Dr Los Angeles, CA 90007

$1,800,000 Sold Price as of 12/14/2022
  • 7 Beds
  • 4 Baths
  • 1,834 Sq.Ft.
Sold
$1,800,000 Sold Price as of 12/14/2022 Refinance Your Mortgage
Map preview of 1226 W 37Th Dr, Los Angeles, CA 90007

Property Overview: 1226 W 37Th Dr Los Angeles, CA has 7 bedrooms, 4 bathrooms, 1,834 living square feet and 7,522 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer the opportunity to acquire this fully occupied student housing investment, located in the desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The duplex is approximately 1,834 rentable square feet on a 7,522 square foot lot, featuring one (1) spacious 4-bedroom + 2-bathroom unit, & one (1) 3-bedroom + 2-bathroom unit. The property has future redevelopment potential in that a developer has a 7,522 square foot lot, zoned LARD2, and has excellent ADU potential to further increase cashflow. The property is currently fully occupied with USC students and rented for $6,275/Month.

Listed by Davis Saadian | BRE #01921748 | Compass
Last checked: 11 minutes ago | Last updated: December 20th, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
7,522
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22207021
City
Los Angeles
County
Los Angeles
Time on Site
589 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,425
  • Total Rent: $3,425
  • Pro Forma/Market Rent: $5,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $3,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: --
  • Net Operating Income: $60,150
  • Gross Operating Income: $75,300
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1226 W 37Th Dr

Interior Features
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
Property Information
  • Total # of Units: 2
  • Parcel Number: 5040013023
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: 1226 W. 37th Drive, LA 90007
View more facts & features

Local Los Angeles Agent

Sale History for 1226 W 37Th Dr

Last sold for $1,800,000 on December 14th, 2022

  • December, 2022

  • Dec 14, 2022

    Date

    Sold

    CRMLS: 22207021

    $1,800,000

    Price

  • Oct 8, 2022

    Date

    Active

    CRMLS: 22207021

    $1,800,000

    Price

  • July, 2007

  • Jul 6, 2007

    Date

    Sold (Public Records)

    Public Records

    $740,000

    Price

  • November, 2006

  • Nov 28, 2006

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

Show More

Tax History for 1226 W 37Th Dr

Assessed Value (2020): $734,000
Year Land Value Improved Value Assessed Value
2020 $595,100 $138,900 $734,000

Home Value Compared to the Market

This property vs the competition

1226 W 37Th Dr sold on December 14, 2022 for 51.26% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $981.46 per/sqft which puts the price per square foot 29.99% higher than the current median sale per square foot for the city of Los Angeles.

About 1226 W 37Th Dr

Detailed summary of property

1226 W 37Th Dr is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 1,834 living square feet, and sits on an approximately 7,522 square foot lot. 1226 W 37Th Dr was first listed on ArdentRealEstateGroup.com on October 9, 2022. The homeowner sold the property for $1,800,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 51.26% higher than the current median priced home. Local homes that are currently for sale include 2634 Dalton Ave, 1766 W 25th St and 2220 Raymond Ave. While the average home in Los Angeles, CA is selling in 92 days, 1226 W 37Th Dr has a days on market of 41 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1226 W 37Th Dr 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 1226 W 37Th Dr

Public county record property details
Beds
3
Baths
2
Year built
1909
Sq. Ft.
1,834
Lot Size
7,521
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5040-013-023

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
$1,198,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
13
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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