1472 W 37th Street, Los Angeles, California 90018, Los Angeles, 90018 - 0 bed, 0 bath
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Los Angeles, California 90018
This property presents a High-Potential Investment Opportunity with a List Price of $999,999—positioned above the $920,803 Fair Market Value. While the price reflects a premium, the Zoning R2 and 6,501 sqft lot near USC offer significant long-term upside. Featuring a Condition Rating of 5, the asset includes a new 2025 roof and the flexibility of being delivered vacant. This is a strategic acquisition for Buy-and-Hold Investors or Developers looking to capitalize on high rental demand in a prime transit-oriented location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1472 W 37th Street Subject | $999,999* List Price | 0 | 0 | 1,776 | $518 | - |
A 3553 Cimarron Street Sold | $951,000 | 0 | 0 | 2,068 | $460 | 0.8 mi |
B 1472 W 37th Active | $999,999 List Price | 3 | 2 | 1,776 | $563 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908 (116 years old) and marketed primarily as a 'Development Opportunity' for redevelopment. While a new roof was installed in 2025, the lack of interior updates to kitchens and baths, combined with the extreme age and visible exterior wear, indicates the property requires a significant rehab to meet modern standards.
Zoned LAR2 on a generous 6,501 sqft lot near USC, this property offers exceptional redevelopment or expansion opportunities within one of Los Angeles’ strongest student housing and rental markets.
The property is ideally situated less than three blocks from the E Line and close to major transit corridors, providing convenient access to Downtown LA, Exposition Park, and University Village.
Featuring a brand-new roof installed in 2025 and the ability to be delivered vacant, the property allows for immediate market-rate leasing or commencement of cosmetic updates without tenant relocation hurdles.
Given the 1908 construction date, the property likely requires significant modernization of core systems such as plumbing and electrical to meet contemporary standards beyond the new roof.
The surrounding public middle and high schools have low performance ratings, which may deter long-term family renters and narrow the tenant pool primarily to students or commuters.
GREAT Development Opportunity zoned R2 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. 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. 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. Also listed under residential DW26102332
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| 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 | 19 | 151 | 6% |
May 18, 2026
$999,999
Initial Listing
Sep 29, 1995
$106,000
Public Record