$1,295,000
 $6,952 est/mo Sourced by Back At You

1229 W 37th Drive,Los Angeles, CA 90007

Los Angeles, CA 90007

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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.

Details

MLS #WS26106991
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1906
Days On Site105
Listing Provided ByCITYWIDE ELITE REALTY | RICARDO GONZALEZ

Features

SQ Feet2,100
Story(s)1
Units3
Building(s)2
ZoningLARD2
Acreage0.15

Exterior

Lot FeaturesTwo To Five Units Acre

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90007
AreaC34 Los Angeles Southwest
Listing VS Median (in 90007)
Price:
$1,295,000
low | high
Med:
$1,499,500
34.208494208494% of Average
sqft:
2,100
low | high
Med:
4,460
62.357142857143% of Average
$ / sqft:
$617
low | high
Med:
$347
93.659088375874% of Average
On site:
105
low | high
Med:
169.5
61.946902654867% of Average
Sourced by Back At You

Market Activity 90007

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Additional Information

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90007
AreaC34 Los Angeles Southwest
Listing VS Median (in 90007)
Price:
$1,295,000
low | high
Med:
$1,499,500
34.208494208494% of Average
sqft:
2,100
low | high
Med:
4,460
62.357142857143% of Average
$ / sqft:
$617
low | high
Med:
$347
93.659088375874% of Average
On site:
105
low | high
Med:
169.5
61.946902654867% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $971K - $1.618M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
3936 Brighton Property Photo 1
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Los Angeles, CA 90062
Listing Updated: August 21, 2026 at 10:44:53 PM PDT