
Los Angeles, California 90037
Analysis of 3823 Wisconsin, Los Angeles, California 90037 is currently available with a list price of $2,100,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Although built in 1961, the property is well-maintained with critical system updates including copper plumbing, a seismic retrofit, and modern vinyl windows. Interior photos show move-in ready units with updated flooring and fixtures, placing it in the 'Good' category despite its chronological age.
Situated within walking distance to USC, the Lucas Museum, and the Expo Center, this property is perfectly positioned to capture the high-demand student housing market.
The LAR3 zoning combined with a TOC Tier 4 designation offers a rare value-add opportunity to conceptually expand the complex to 18 units 'By Right'.
The property features significant capital upgrades, including a completed seismic retrofit, copper plumbing, and modern vinyl windows, reducing immediate maintenance liabilities.
With only 8 parking spaces for 8 units, the current capacity may be restrictive for multi-tenant households unless TOC parking reductions are utilized for future expansion.
Built in 1961, the property may necessitate higher long-term reserves for the maintenance of aging systems not covered by recent updates compared to new construction.
Discover an incredible opportunity with this delightful 8-unit complex, showcasing stunning Mid-Century modern architecture in a highly sought-after area. Ideally situated within walking distance to USC and the Lucas Museum, this property is just a stone's throw from the Expo Center and the Los Angeles Memorial Coliseum. Its prime location makes it exceptionally well-suited for student housing, while the potential for increased rental income is undeniable. The thoughtfully designed unit mix features (7) 2-bedroom, 1-bathroom units and (1) 1-bedroom, 1-bathroom unit, catering to a diverse tenant base. Key updates include copper plumbing, a new electric motor on the security gate, and modern vinyl windows that enhance both security and energy efficiency. The seismic retrofit work has been completed, ensuring peace of mind for future occupants. Currently, the property offers parking for 8 vehicles, with the potential to expand this capacity or add an ADU. Its desirable LAR3 zoning and TOC Tier 4 designation present exciting development possibilities, allowing for the conceptual addition of up to 18 units "By Right" (subject to city verification). Don’t miss out on this remarkable investment opportunity in one of Los Angeles's most sought-after neighborhoods! Call now to explore the potential of this property and secure your future.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 5,508 | 4,065.4 |
| Lot Size | 8,024 | 6,744.9 |
| Price | $2.10M | $1.13M |
| Price per sq ft | $381 | $262 |
| Built year | 1961 | 1939 |
| HOA | $0 | $907 |
| Days on market | 4 | 110 |
Sep 5, 2026
$2,100,000
Initial Listing
Aug 1, 2022
$1,870,000
Public Record