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Listed by RICARDO GONZALEZ, DRE #01183189 • CITYWIDE ELITE REALTY
$1,495,000
Est. payment /mo
6,602 Sqft Lot
Active
1229 W 37th DR Los Angeles, CA 90007
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS26106991
Year Built 1906
Lot Size 6,602 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
ATTENTION USC STUDENT HOUSING DEVELOPERS: Rare TOC Tier 3 development opportunity in the heart of the USC DPS Patrol Zone, less than 1 block from campus. 6,600 SF lot zoned LARD2 with confirmed TOC Tier 3 incentives supports a development of approximately 7 units / 28+ beds under density bonus + ADU/JADU stack (buyer to verify with architect). Property to be delivered 100% VACANT at close of escrow - no RSO relocation costs, no tenant buyouts, no holding delays. Existing 3-unit improvement (2012-built rear units + front house, 5 bd / 3 ba total) provides optional holding income during entitlement, or immediate demolition to begin construction. Developer buyers - call listing agent for offering memorandum and feasibility study. Owner is motivated; reviewing offers on a rolling basis. Buyer to verify all development potential, zoning, and entitlement options with City of Los Angeles Planning and own consultants. Tours by appointment only - please do not disturb existing occupants.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Laundry Gas Hookup, 30
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5040014024
Special Listing Condition Not Applicable
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