1223 W 37th Place, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1223 W 37th Place,Los Angeles, CA 90007
$1,550,000
  • 7 Beds
  • 7 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: daniel lewin
Office: younglewin advisors, inc.
MLS#:PW26241175
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,550,000

About this home

USC-Area 3-Unit Property - 6.64% Current Cap Rate with Approx. 20% Rental Upside, 5-Minute Walk to USC. 1223 W. 37th Place presents a 3-unit, 10-bedroom investment opportunity located a short 5-minute walk to the USC campus and within walking distance of the Metro Expo Line. The property consists of a classic 1904 front house configured as a 4 bed/4 bath and two rear 2-story townhome-style 3 bed/3 bath units, totaling approx. 3,964 SF on a large 7,003 SF lot. Interiors feature wood-style flooring, original built-in woodwork in the front house, and updated kitchens and bathrooms. All three units are currently leased, providing in-place income. Offered at $1,550,000, $516,667 per unit and $391 per square foot, at a 6.64% current cap rate and 10.33 GRM. Current rents total $12,510/month ($150,120/year), with projected market rents of $15,000/month ($180,000/year), reflecting an 8.61 GRM and 8.39% cap rate. Located within USC's DPS patrol zone, steps from Exposition Park, the LA Memorial...

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Home facts

  • Listing ID #:PW26241175
  • Added:1 day(s) ago
  • Updated:November 13, 2026 at 05:39 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:7

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$1,550,000
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