1472 W 37th, Los Angeles, California 90018, Los Angeles, 90018 - 3 bed, 2 bath
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Los Angeles, California 90018
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $999,999, which aligns with the current $999,999 Fair Market Value. Featuring a NEW ROOF (2025) and LAR2 Zoning, this property offers significant redevelopment potential on a 6,501 sqft lot. While the Condition Rating of 5 indicates a need for cosmetic updates, the proximity to USC and the E Line ensures strong rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to capitalize on the Los Angeles student housing market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1472 W 37th Subject | $999,999* List Price | 3 | 2 | 1,776 | $563 | - |
A 1472 W 37th Street Active | $999,999 List Price | 0 | 0 | 1,776 | $563 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908, this property is over 100 years old and is primarily marketed as a redevelopment opportunity. While it features a new roof (2025), the lack of interior photos and the agent's emphasis on 'cosmetic updates' and 'redevelopment' suggests the kitchen, baths, and systems are significantly dated. The exterior shows weathered stucco and cracked concrete, indicating a need for a full rehab to meet modern standards.
Ideally situated near USC, University Village, and the E Line transit, this property sits in one of Los Angeles’ premier rental markets for student housing.
The oversized 6,501 sqft lot with LAR2 zoning and 65 feet of frontage provides a significant opportunity for redevelopment, expansion, or adding ADUs.
The property features a brand-new roof (2025) and can be delivered vacant, allowing new owners to immediately implement market-rate rents or begin renovations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6502, other record lot size in square feet = 6412. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1776, other record living area = 3296. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 6.
Originally built in 1908, the property likely requires significant cosmetic updates and potential system modernizations to compete with newer area developments.
The surrounding public schools carry relatively low performance ratings, which may limit the property's appeal to long-term family residents compared to student tenants.
Duplex situated on a large 6,501 square foot lot. Front house it being used as a 5 bedroom 2 bath home. There's a spacious detached 1 bed 1 bath unit in the rear. Both units have a NEW ROOF installed in 2025. Owner occupied and can be delivered vacant. GREAT Development Opportunity with approximately 65 feet of frontage and 100 feet of depth. Located near USC, this LAR2-zoned property is ideally positioned in one of Los Angeles’ strongest student housing and rental markets, offering investors and developers exceptional long-term potential. Prime location near USC, University Village, Exposition Park, BMO Stadium, Downtown Los Angeles, and major transit corridors (E Line less than 3 blocks away!), the property presents a compelling opportunity for redevelopment, expansion, or cosmetic updates to meet the continued demand for housing in the area.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 0.0 | 71% |
| Baths | 2.0 | 0.0 | 71% |
| Square foot | 1,776 | 2,386 | 29% |
| Lot Size | 6,502 | 6,077 | 65% |
| Price | $1000.0K | $937.5K | 65% |
| Price per sq ft | $563 | $425 | 82% |
| Built year | 1908 | 1923 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 151 | 6% |
May 15, 2026
$999,999
Initial Listing