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California>Los Angeles>Exposition Park West

1229 W 37th DriveLos Angeles, CA 90007

For Sale

$1,495,000

Smart Buyer Rebate $14,950

ATTENTION USC STUDENT HOUSING DEVELOPERS: Rare TOC Tier 3 development opportunity in the heart of the USC DPS Patrol Zone, less than 1 block from campus. 6,600 SF lot zoned LARD2 with confirmed TOC Tier 3 incentives supports a development of approximately 7 units / 28+ beds under density bonus + ADU/JADU stack (buyer to verify with architect). Property to be delivered 100% VACANT at close of escrow — no RSO relocation costs, no tenant buyouts, no holding delays. Existing 3-unit improvement (2012-built rear units + front house, 5 bd / 3 ba total) provides optional holding income during entitlement, or immediate demolition to begin construction.

Developer buyers — call listing agent for offering memorandum and feasibility study. Owner is motivated; reviewing offers on a rolling basis. Buyer to verify all development potential, zoning, and entitlement options with City of Los Angeles Planning and own consultants. Tours by appointment only — please do not disturb existing occupants.

Listed by RICARDO GONZALEZ

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License #01183189

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CITYWIDE ELITE REALTY

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323-702-1832

Last updated May 21, 2026

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Source: CRMLS #WS26106991

Listing Facts

  • TypeMulti-family
  • NeighborhoodExposition Park West
  • Days on Prevu29

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/18/2026
Listed by CITYWIDE ELITE REALTY
$1,495,000

Property Details for 1229 W 37th Drive

Association

Amenities

  • Community Features: Curbs

Exterior

Construction

  • Number Of Units Total: 3
  • Stories Total: 1
  • Year Built: 1906
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: Front Door

Measurements

  • Building Area Total: 2,100
  • Building Area Units: Square Feet
  • Lot Features: 2-5 Units/Acre
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,602
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 6,602
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $33,000.00
  • Operating Expense: $3,000.00

Taxes

  • Parcel Number: 5040014024

Other

Location

  • Tax Block: 5
  • Tax Lot: 25

Utilities

Equipment

  • Laundry Features: Washer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1229 W 37th Drive.

How does 1229 W 37th Drive compare to other multi-family homes in Exposition Park West?

This multi-family home is listed 40% below the average price for multi-family homes in Exposition Park West and has been on the market for 58 less days than the typical home in this area.

1229 W 37th Drive is a -bedroom multi-family home for sale in Los Angeles CA 90007. Available on Prevu for 29 days at $1,495,000. This home is located in Exposition Park West. The median listing price for multi-family homes in this area is $1,670,000. Property amenities include parking. View other multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.