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3,964 sqft

$1,550,000

1223 W 37th Place, Los Angeles CA, 90007

Price per sqft$391.02
Built in1904
Property size3,964 sqft
Property typeMulti-family
Listed by Daniel Lewin CA DRE# 01932742 with Younglewin Advisors, Inc. 424-224-9344

Overview

Active

Listed Nov 11, 2026

Updated 17h ago

USC-Area 3-Unit Property - 6.64% Current Cap Rate with Approx. 20% Rental Upside, 5-Minute Walk to USC. 1223 W. 37th Place presents a 3-unit, 10-bedroom investment opportunity located a short 5-minute walk to the USC campus and within walking distance of the Metro Expo Line. The property consists of a classic 1904 front house configured as a 4 bed/4 bath and two rear 2-story townhome-style 3 bed/3 bath units, totaling approx. 3,964 SF on a large 7,003 SF lot. Interiors feature wood-style flooring, original built-in woodwork in the front house, and updated kitchens and bathrooms. All three units are currently leased, providing in-place income. Offered at $1,550,000, $516,667 per unit and $391 per square foot, at a 6.64% current cap rate and 10.33 GRM. Current rents total $12,510/month ($150,120/year), with projected market rents of $15,000/month ($180,000/year), reflecting an 8.61 GRM and 8.39% cap rate. Located within USC's DPS patrol zone, steps from Exposition Park, the LA Memorial Coliseum, BMO Stadium, the new Lucas Museum of Narrative Art, and Expo Line access, with the area set to host major events for the 2028 Olympic Games. Some photos have been virtually enhanced.

$10,312/mo

Est. mortgage payment based on a $1,550,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26241175

Interior Features

Basement
No

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Maintenance Expense
$2,340
55+/Senior Community
No
MLS provider logo

Listed by Daniel Lewin CA DRE# 01932742 with Younglewin Advisors, Inc. 424-224-9344

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/14/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/14/2026 at 5:17 AM UTC Last Checked: 5:17 AM UTC

 

 

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