
Los Angeles, California 90018
This versatile Craftsman represents a High-Potential Investment Opportunity, listed at $1,139,000—positioned above the $992,214 Fair Market Value. While currently priced for its income-generating potential, the LAR4-zoned corner lot and detached studio provide significant long-term value. Featuring a Condition Rating of 3, the home offers a flexible layout for Buy-and-Hold Investors or Owner-Occupants looking to house-hack near USC. With its proximity to the Expo Line and city-wide access, this property is a strategic asset for those prioritizing location and development flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1476 W 37th Drive Subject | $1,139,000* List Price | 6 | 3 | 2,850 | $348 | - |
A 3700 Arlington Active | $929,999 List Price | 0 | 0 | 2,168 | $429 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1905, the property has been thoughtfully refreshed and is move-in ready. The kitchen features updated black stainless steel appliances and butcher block counters, and the interior shows well-maintained hardwood floors and clean finishes. While some older systems like wall heaters are present, the overall condition meets the criteria for a well-maintained, functional residence.
The property features a unique two-story layout functioning as two separate living spaces plus a detached bonus studio with its own bathroom, offering exceptional potential for rental income, student housing, or multi-generational living.
Situated on an LAR4-zoned corner lot, this property provides significant long-term value and flexibility for future development or expansion in a high-demand Los Angeles neighborhood.
Located just steps from the Expo Line and minutes from USC, DTLA, and Exposition Park, the home offers unparalleled access for commuters and high desirability for the local university community.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The majority of assigned public schools carry low ratings (ranging from 2 to 3), which may be a drawback for families prioritizing high-performing educational districts.
Built in 1905, this century-old Craftsman may require more frequent maintenance and infrastructure oversight compared to modern constructions, despite recent aesthetic updates.
Some homes simply offer more possibilities! Positioned on an LAR4-zoned corner lot in one of Los Angeles' most centrally located neighborhoods, you'll enjoy convenient access to USC/University Village, Exposition Park, BMO Stadium, The Lucas Museum, CA Science Center, DTLA and easy access to the Westside. It's just steps from the Expo Line, offering the perfect landing place for students or commuters. Whether you're searching for a long-term investment, a multi-generational residence, or simply a home with room to grow, opportunities with this level of flexibility are increasingly rare. Beautifully updated and remarkably versatile, this striking two-story Craftsman is rich in character and thoughtfully refreshed. Currently functioning as two separate living spaces, each with its own kitchen and laundry area, the home offers incredible flexibility for a variety of living arrangements. The main level features two spacious bedrooms and 1.25 baths, while the upper level offers four bedrooms and one bath, creating an ideal setup for extended family, rental income or student housing. And then there's the bonus space. Detached from the main residence and complete with its own bathroom, it opens the door to even more possibilities, whether envisioned as a home office, creative studio, fitness space, or additional living area. Natural light pours through generous windows, highlighting hardwood floors, spacious living areas, and original details that give the home warmth and personality. Outside, multiple gathering spaces invite you to slow down and enjoy SoCal living. Brick patios, mature fruit trees, drought-conscious landscaping, and a private garden creates an inviting setting for entertaining, relaxing, or spending time with family and friends. A home with character. A property with possibilities. An investment in both your present and your future!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,850 | 1,664.159 |
| Lot Size | 5,983 | 6,066.556 |
| Price | $1.14M | $1.35M |
| Price per sq ft | $400 | $806 |
| Built year | 1905 | 1939 |
| HOA | $0 | $278 |
| Days on market | 64 | 55 |
Aug 11, 2026
$1,139,000
$1,189,000
-4% Price Drop
Initial Listing
Jul 7, 2026
$1,189,000
Initial Listing
Aug 7, 2012
$350,000
Public Record
Nov 12, 2010
$234,000
Public Record