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1240 W 37th Pl, Los Angeles, CA 90007
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1240 W 37th Pl Los Angeles, CA 90007

$1,090,000 Sold Price as of 02/28/2019
  • 4 Beds
  • 1 Baths
  • 1,590 Sq.Ft.
Sold
$1,090,000 Sold Price as of 02/28/2019 Refinance Your Mortgage
Map preview of 1240 W 37th Pl, Los Angeles, CA 90007

Property Overview: 1240 W 37th Pl Los Angeles, CA has 4 bedrooms, 1 bathrooms, 1,590 living square feet and 6,601 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime student housing development opportunity located in the highly-sought after 90007 zip code. The property is located one and a half blocks from the main University Park campus of the University of Southern California, a nationally recognized Pac-12 research university with 45,687 students and 19,596 faculty and staff members, the majority of whom desire to live in close proximity to campus. The property itself currently consists of a 1,590 square foot single family house on a 6,600 square foot RD2 zoned lot allowing for a by-right development of up to three units (buyer to verify with the city). A developer would have the option to raze the site and construct three new units or renovate the existing house and build two additional units in the rear. The property benefits from rear alley access as well, allowing a potential developer greater flexibility with the layout of the new construction project. The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the$ 1 Billion George Lucas Narrative Art museum that recently broke ground. Additionally, USC recently completed less than a mile away from the subject property, their $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces.

Listed by Daniel Lewin | BRE #01932742 | Marcus & Millichap
Last checked: 7 minutes ago | Last updated: September 18th, 2021 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
6,601
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
PW18287228
City
Los Angeles
County
Los Angeles
Time on Site
1221 days

Property Details for 1240 W 37th Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 4
  • Downstairs Bathrooms: 1
  • Family Room
Bathroom Information
  • # of Baths (Full): 1
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 21-25 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 5040014012
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: 1.5 Blocks West of USC
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1240 W 37th Pl

Last sold on July 11th, 2019

  • July, 2019

  • Jul 11, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2019

  • Mar 3, 2019

    Date

    Sold

    CRMLS: PW18287228

    $1,090,000

    Price

  • Dec 7, 2018

    Date

    Active

    CRMLS: PW18287228

    $1,100,000

    Price

  • February, 2019

  • Feb 28, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,090,000

    Price

  • January, 2019

  • Jan 16, 2019

    Date

    Expired

    CRMLS: CV18242331

    $1,100,000

    Price

  • Nov 13, 2018

    Date

    Withdrawn

    CRMLS: CV18242331

    $1,100,000

    Price

  • Nov 5, 2018

    Date

    Active

    CRMLS: CV18242331

    $1,100,000

    Price

  • Oct 5, 2018

    Date

    Active Under Contract

    CRMLS: CV18242331

    $1,100,000

    Price

  • Oct 5, 2018

    Date

    Active

    CRMLS: CV18242331

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    COME AND SEE THIS UNIQUE DEVELOPER/INVESTOR OPPORTUNITY NEARBY USC CAMPUS! PROPERTY IS ZONED LARD2 SO IMAGINE THE POSSIBILITIES IN THIS LAND IF YOU ARE A DEVELOPER. PROPERTY COMES WITH 4 BEDROOMS AND 2 BATHROOMS ON A 6,601 LOT SIZE. HOUSE WILL BE SOLD IN AS-IS CONDITIONS. PROPERTY MIGHT BE DELIVERED WITH TENANTS. DON'T DELAY AND COME SEE IT ASAP!

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Tax History for 1240 W 37th Pl

Assessed Value (2020): $1,111,800
Year Land Value Improved Value Assessed Value
2020 $918,000 $193,800 $1,111,800

Home Value Compared to the Market

This property vs the competition

1240 W 37th Pl sold on February 28, 2019 for 7.56% lower 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 $691.82 per/sqft which puts the price per square foot 8.37% lower than the current median sale per square foot for the city of Los Angeles.

About 1240 W 37th Pl

Detailed summary of property

1240 W 37th Pl is a single family home that recently sold in Los Angeles, CA 90007. This house offered 4 bedrooms, 1 bathrooms, roughly 1,590 living square feet, and sits on an approximately 6,601 square foot lot. 1240 W 37th Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,090,000. 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 7.56% lower than the current median priced home. Local homes that are currently for sale include 2024 W 30th St, 4191 La Salle Ave and 1787 W 35th St. While the average home in Los Angeles, CA is selling in 92 days, 1240 W 37th Pl has a days on market of 63 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 1240 W 37th Pl 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 1240 W 37th Pl

Public county record property details
Beds
4
Baths
2
Year built
1905
Sq. Ft.
1,590
Lot Size
6,600
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5040-014-012

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
$1,199,999
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%)

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Homes for Sale Near 1240 W 37th Pl

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Recently Sold Homes Near 1240 W 37th Pl

1223 W 37th Dr, Los Angeles, CA 90007
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1268 W 37th Dr, Los Angeles, CA 90007
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1204 W 37th Dr, Los Angeles, CA 90007
$850,000 Last Sold Price
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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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