View Photos

1298 W 37Th Pl Los Angeles, CA 90007

$1,955,000 Sold Price as of 05/07/2020

10 Beds
9 Baths
-- Sq.Ft.

Sold

$1,955,000 Sold Price as of 05/07/2020 Refinance Your Mortgage

Map preview of 1298 W 37Th Pl, Los Angeles, CA 90007

Property Overview: 1298 W 37Th Pl Los Angeles, CA has 10 bedrooms, 9 bathrooms, -- living square feet and 5,729 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire a student housing triplex located 2 blocks west of the University of Southern California (USC) Campus.The properties sit on one 5,729 square foot parcel with 3,604 square feet of rentable space. The two separate structures include a one-story detached four-bedroom/three-bathroom single family home, built in 1908, and a two-story duplex, built in 2013, consisting of (2) non-rent controlled three-bedroom/three-bathroom units.The properties provide tenants with gated entry, gated parking with 6 covered spaces, central A/C and heat and modern appliances. The single family home includes an in-unit washer and dryer and the duplex units share a washer and dryer located in the parking garage. Both structures are individually metered for water, gas and electric with tenants paying all utilities except common area electricity. This property falls into the UPC Patrol areas, where DPS patrols the area surrounding USC 24 hours/day, 7 days/week.

Listed by Sevak Keshishian | BRE #01887505 | Marcus & Millichap
Co-listed by Jeanette Monfared | BRE #00765098 | Marcus & Millichap

Last checked: 5 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft: 5,729
HOA Dues: $0/mo
Year built: 2013
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20560258
City: Los Angeles
County: Los Angeles
Time on Site: 1221 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 4
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $3,522
Total Rent: $3,387
Pro Forma/Market Rent: $4,500

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $3,465
Total Rent: $3,300
Pro Forma/Market Rent: $3,600

Unit Breakdown 3

# of Units: 1
# of Beds: 3
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $3,465
Total Rent: $3,300
Pro Forma/Market Rent: $3,600

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.95
Gross Scheduled Income: --
Net Operating Income: $91,867
Gross Operating Income: $123,326
Laundry Income: $299
Other Income 1: $111

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1298 W 37Th Pl

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Covered

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 3
Parcel Number: 5040014001

Location / Neighborhood

Location Information

Directions: The subject properties are situated at 1298 W 37th Place, north of Exposition Blvd. and east of Normandie Avenue.

View more facts & features

Local Los Angeles Agent

Sale History for 1298 W 37Th Pl

Last sold for $1,975,000 on May 7th, 2020

May, 2020
May 8, 2020

Date

Sold

CRMLS: 20560258

$1,955,000

Price
Apr 18, 2020

Date

Active Under Contract

CRMLS: 20560258

$2,000,000

Price
Mar 3, 2020

Date

Active

CRMLS: 20560258

$2,000,000

Price
May, 2020
May 7, 2020

Date

Sold (Public Records)

Public Records

$1,975,000

Price
June, 2014
Jun 18, 2014

Date

Sold (Public Records)

Public Records

$1,050,010

Price

Tax History for 1298 W 37Th Pl

Assessed Value (2020): $1,176,933

Year	Land Value	Improved Value	Assessed Value
2020	$706,161	$470,772	$1,176,933

Home Value Compared to the Market

This property vs the competition

1298 W 37Th Pl sold on May 7, 2020 for 68.07% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 1298 W 37Th Pl

Detailed summary of property

1298 W 37Th Pl is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 10 bedrooms, 9 bathrooms, roughly -- living square feet, and sits on an approximately 5,729 square foot lot. 1298 W 37Th Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,955,000. 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 68.07% higher than the current median priced home. Local homes that are currently for sale include 2018 W 39th St, 2112 Toberman St and 1745 S Harvard Blvd. While the average home in Los Angeles, CA is selling in 92 days, 1298 W 37Th Pl has a days on market of 29 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 1298 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 1298 W 37Th Pl

Public county record property details

Beds: 10
Baths: 9
Year built: 1908
Sq. Ft.: 3,604
Lot Size: 5,729
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5040-014-001

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

Median Sale to List Price %

94.79%

Avg Days on Market

Loan Type

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

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 1298 W 37Th Pl

Nearby Homes for Sale

3913 S Budlong Ave, Los Angeles, CA 90037

Recently Sold Homes Near 1298 W 37Th Pl

$1,200,000 Last Sold Price

6 Beds

4 Baths

2961 Sq.Ft.

1280 W 37th Pl
Los Angeles, CA 90007

$1,005,000 Last Sold Price

4 Beds

3 Baths

2505 Sq.Ft.

1322 W 37th Pl
Los Angeles, CA 90007

$2,500,000 Last Sold Price

9 Beds

12 Baths

5400 Sq.Ft.

1325 W 37Th Dr
Los Angeles, CA 90007

$3,460,000 Last Sold Price

12 Beds

12 Baths

4150 Sq.Ft.

1320 W 37Th St
Los Angeles, CA 90007

Related Resources to 1298 W 37Th Pl

New Listings in 90007

Popular Zip Codes

Popular Cities

Other Los Angeles Resources

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.