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1651 W 37Th Pl, Los Angeles, CA 90018
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1651 W 37Th Pl Los Angeles, CA 90018

$785,000 Sold Price as of 04/09/2019
  • 4 Beds
  • 2 Baths
  • 2,200 Sq.Ft.
Sold
$785,000 Sold Price as of 04/09/2019 Refinance Your Mortgage
Map preview of 1651 W 37Th Pl, Los Angeles, CA 90018

Property Overview: 1651 W 37Th Pl Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,200 living square feet and 7,464 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Own a Duplex in Jefferson Park / Exposition Park area that is walking distance to expo Light Rail, USC and Coliseum. Great mix and very large lot that can be used to additional space to existing structures. Seller is motivated to sell

Listed by Martin Watkins | BRE #01249364 | Watkins Realty & Investments
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
7,464
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19432908
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,219
  • Total Rent: $1,219
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.5
  • Gross Scheduled Income: --
  • Net Operating Income: $43,080
  • Gross Operating Income: $58,200
  • Improvements Total: $47,746
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $500
  • Gas/Fuel: $0
  • Trash: $1,200
  • Insurance: $2,400
  • Maintenance: $500
  • Water/Sewer: $1,800

Property Details for 1651 W 37Th Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 5041025026
Location / Neighborhood
Location Information
  • Directions: 2 blocks north of Exposition Blvd and 1/2 block east of Western
View more facts & features

Local Los Angeles Agent

Sale History for 1651 W 37Th Pl

Last sold for $785,000 on April 9th, 2019

  • June, 2021

  • Jun 30, 2021

    Date

    Canceled

    CRMLS: OC21089732

    $5,490,000

    Price

  • Apr 29, 2021

    Date

    Active

    CRMLS: OC21089732

    $5,490,000

    Price

  • Listing provided courtesy of CRMLS

    Location location location! Blocks from USC Campus, this 31B31B almost brand new apartment building was built in 2020 by Tripalink Real Estate, an well known name in Los Angeles and also across the nation for building co-living communities near campuses. This apartment complex features 6 units. Each Unit has 5 bedroom and 5 full bath except for one unit has 6 bedroom and 6 bathroom. Total 31 Bedroom and 31 bathroom with 31 tenants, 100% occupied mostly USC students and young professionals working in the area. Seller offers to rent back for 5 to 10 years with a master lease and property management, so no vacancy for new owner and no property management hassles. 5% CAP RATE. Great opportunity for investors!

  • April, 2019

  • Apr 10, 2019

    Date

    Sold

    CRMLS: 19432908

    $785,000

    Price

  • Feb 19, 2019

    Date

    Pending

    CRMLS: 19432908

    $755,000

    Price

  • Feb 9, 2019

    Date

    Active

    CRMLS: 19432908

    $755,000

    Price

  • April, 2019

  • Apr 9, 2019

    Date

    Sold (Public Records)

    Public Records

    $785,000

    Price

  • June, 2013

  • Jun 12, 2013

    Date

    Sold (Public Records)

    Public Records

    $150,001

    Price

Show More

Tax History for 1651 W 37Th Pl

Assessed Value (2020): $800,700
Year Land Value Improved Value Assessed Value
2020 $596,700 $204,000 $800,700

Home Value Compared to the Market

This property vs the competition

1651 W 37Th Pl sold on April 9, 2019 for 32.59% lower 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 $343.18 per/sqft which puts the price per square foot 52.6% lower than the current median sale per square foot for the city of Los Angeles.

About 1651 W 37Th Pl

Detailed summary of property

1651 W 37Th Pl is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 2,200 living square feet, and sits on an approximately 7,464 square foot lot. 1651 W 37Th Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $785,000. 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 32.59% lower than the current median priced home. Local homes that are currently for sale include 1543 W 22nd Pl, 4815 S Normandie Ave and 1500 W 50th St. While the average home in Los Angeles, CA is selling in 106 days, 1651 W 37Th Pl has a days on market of 9 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 1651 W 37Th Pl Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1651 W 37Th Pl

Public county record property details
Beds
4
Baths
2
Year built
1923
Sq. Ft.
1,664
Lot Size
7,464
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
5041-025-026

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,800
Median List Price/Sq.Ft.
$640
Median Sold Price
$1,040,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
62
Median Sale to List Price %
104.1%
Avg Days on Market
38
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

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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