1257 W 37Th Dr Los Angeles, CA 90007

$--

8 Beds
8 Baths
2,903 Sq.Ft.

Off Market

Map preview of 1257 W 37Th Dr, Los Angeles, CA 90007

Property Overview: 1257 W 37Th Dr Los Angeles, CA has 8 bedrooms, 8 bathrooms, 2,903 living square feet and 6,599 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1257 W 37Th Dr is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1257 W 37Th Dr

Last sold on November 7th, 2017

February, 2024
Feb 15, 2024

Date

Expired

CRMLS: MB23150864

$3,499,990

Price
Aug 16, 2023

Date

Active

CRMLS: MB23150864

$3,690,000

Price
Listing provided courtesy of CRMLS

Fantastic investment opportunity in a prime location! This property is situated in the sought-after USC area, making it an ideal choice for savvy investors, especially those interested in student housing. The location within a patrol zone adds an extra layer of security and peace of mind. Recent upgrades have expanded the property, with two new units built in 2022, resulting in a total of 4,316 square feet across all three units. Please note that square footage details, as provided by the current owner, should be independently verified by the buyer and their agent through thorough due diligence, including consultation with city authorities. This property offers incredible potential, given its proximity to the university and the growing demand for student housing. Buyers are encouraged to conduct their own research into the local real estate market, university enrollment trends, and any pertinent regulations related to student housing. For an outstanding investment opportunity that merges location, expansion, and potential, look no further. Property sold as is.

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November, 2019
Nov 4, 2019

Date

Expired

CRMLS: 19473340

$1,900,000

Price
Oct 2, 2019

Date

Withdrawn

CRMLS: 19473340

$1,900,000

Price
Jun 3, 2019

Date

Active

CRMLS: 19473340

$1,900,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale this three (3) unit, 16-bedroom + 14-bathroom Student Housing investment opportunity located at 1257 W. 37th Drive, just a short distance from the internationally renowned University of Southern California (USC). Consisting of two separate structures, these buildings were constructed of wood frame and stucco on a raised foundation built in 1906 with a square footage of 2,903 on a 6,600-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of one (1) 8+6 Single Family Residence, and two (2) studio units. There are approved plans & permits to demolish the existing (2) studios, and construct (2) 4+4 units (8-Beds + 8-Baths total). Each unit is about 1,100 sqft, and would each bring in approximately $4,800 ($1,200/bedroom).

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May, 2018
May 24, 2018

Date

Canceled

CRMLS: WS18016471

$1,550,000

Price
Feb 16, 2018

Date

Pending

CRMLS: WS18016471

$1,550,000

Price
Jan 29, 2018

Date

Active

CRMLS: WS18016471

$1,550,000

Price
Jan 24, 2018

Date

Hold

CRMLS: WS18016471

$1,550,000

Price
Jan 24, 2018

Date

Active

CRMLS: WS18016471

$1,550,000

Price
Listing provided courtesy of CRMLS

Excellent investment opportunity in the hot USC student housing market! This 13 bedroom, 8 bathroom triplex is fully leased through the 2018 school year to USC students. Just an 8 minute walk to USC campus main Gate 6 on Vermont Ave. The property features a two-story large front house with 2 singles in the back, and a parking lot which can accommodate 6 cars. The property has been used for USC student housing for ten years now. Front house is separately metered for water, gas and electric. Singles in the rear are metered separately for everything except for water. Extensively remodeled with laminate floors, new cabinets in the kitchen. Huge upside potential with substantial additions. Property sold AS-IS with no repairs or credit. All data per seller's best knowledge, buyers to verify all MLS data and features of the property. DRIVE BY ONLY! DO NOT DISTURB TENANTS!

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November, 2017
Nov 7, 2017

Date

Sold (Public Records)

Public Records

--

Price
November, 2013
Nov 21, 2013

Date

Sold (Public Records)

Public Records

$765,000

Price

Tax History for 1257 W 37Th Dr

Assessed Value (2020): $857,478

Year	Land Value	Improved Value	Assessed Value
2020	$599,676	$257,802	$857,478

About 1257 W 37Th Dr

Detailed summary of property

1257 W 37Th Dr is categorized with a use code of Triplex (3 Units, Any Combination) in Los Angeles, CA 90007 and is currently off market. This property has 8 bedrooms, 8 bathrooms, roughly 2,903 living square feet, and sits on an approximately 6,599 square foot lot. Homes in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Local nearby listings include 1655 Leighton Ave, 2024 W 30th St and 1671 W 24th St. The average home in Los Angeles, CA is selling in 98 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. If you are the homeowner and looking to sell the home at 1257 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 1257 W 37Th Dr

Public county record property details

Beds: 8
Baths: 8
Year built: 1906
Sq. Ft.: 2,903
Lot Size: 6,599
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 30
APN: 5040-014-029

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

$1,350,000

Median List Price/Sq.Ft.

$501

Median Sold Price

$1,000,000

Median Sold Price/Sq.Ft.

$410

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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