1457 W 37th, Los Angeles, California 90018, Los Angeles, 90018 - 0 bed, 0 bath
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1457 W 37th
Los Angeles, California 90018
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,613Sq Ft
6,697Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$951,721
4% AboveMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned above the $951,721 Fair Market Value by 4%. While the property requires a full rehab due to its Poor Condition Rating, the 0.7-mile proximity to USC ensures robust rental demand. Delivered vacant, this Triplex Asset allows for immediate renovation and repositioning. The 6,697 sqft lot provides significant density potential for long-term growth. This is a strategic acquisition ideal for Buy-and-Hold Investors or Value-Add Developers targeting the student housing market.
Estimated Market Value
$951,721
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1457 W 37th Subject | $995,000* List Price | 0 | 0 | 2,613 | $364 | - |
A 1729 W 35th Street Sold | $985,552 | 0 | 0 | 2,714 | $363 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1924, this 100-year-old property falls into the poor category due to its age and lack of documented renovations. The exterior shows deferred maintenance with a neglected yard, and the marketing description as an 'opportunity' for student housing typically indicates that the kitchens, bathrooms, and major systems (HVAC/Electric) require a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime USC Proximity
Located just 0.7 miles from the University of Southern California, this property is in a premier location for student housing, ensuring high rental demand and low vacancy rates.
- Delivered Vacant
The property will be delivered vacant, providing a rare and significant advantage in Los Angeles to immediately set market-rate rents or initiate renovations without tenant relocation issues.
- High-Density Income Potential
As a triplex on a generous 6,697 sqft lot, this property offers multiple income streams and the flexibility to explore further investment opportunities in a high-density residential zone.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally built in 1924, the property may require significant capital improvements or updates to major systems like plumbing and electrical to meet modern standards.
- Inconsistent School Ratings
While the property is near a high-rated learning center, several surrounding public middle and high schools have lower ratings, which may limit the appeal for long-term family tenants.
About 1457 W 37th
THREE UNITS! Just 0.7 miles from USC! Excellent opportunity in a prime location within walking distance of the USC campus. Property will be delivered vacant, providing flexibility for the next owner. Ideal location for those looking to explore student housing or other investment opportunities. Easy to show, have your agent schedule an appointment today.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1924
- Lot Size
- 6,697 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Lenicia B. Weemes Elementary School
Grades K-5 • 0.4 mi
3/10
Birdielee V. Bright Elementary School
Grades K-5 • 0.6 mi
4/10
Martin Luther King Jr. Elementary School
Grades K-5 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,613 | 2,187.451 |
| Lot Size | 6,697 | 5,841.385 |
| Price | $995.0K | $841.5K |
| Price per sq ft | $381 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 8 | 85 |
Pricing History
Listed for Sale
Sep 1, 2026
$995,000
Initial Listing
Sold
May 30, 2024
$650,000
Public Record