Great 5 unit investment in an excellent location just a block from USC , this 5 unit property consist of 2-3 bedrooms 2 baths and 3-2 bedrooms 1 bath, the property seats on a large lot 7,840 sqft zone LARD1.5-1 and it is in the TOC tier 3 also this property is exempted from the City of LA RSO (Rent Stabilization Ordinance) it falls under the State AB 1482 which allows for yearly rent increments of 5% plus CPI but not to exceed 10% which will give you a great opportunity to increase rents year over year, located on a cul-de sac street and in the USC's DPS patrol zone, walking distance to the USC campus and the university village, super well located in the hart of it all, the Natural History Museum, LA Memorial Coliseum, California Science Center, BMO Stadium, Swim Stadium, and the Lucas Museum to be open 2025, 3 blocks from the Metro station and public transit bus stops, must see to appreciate, create your perpetual generational income, for more information schedule an appointment.
Sold for $1,800,000 on 07/26/23
Listing Provided by:
Juan Duarte DRE #01029156 323-533-9938,
First Class Real Estate
Bought with: CENTURY 21 REALTY MASTERS
$1,800,000
1179 W 37th St, Los Angeles, CA 90007
12beds
7baths
5,556sqft
Multi Family
Built in 1992
-- sqft lot
$1,830,300 Zestimate®
$324/sqft
$3,374 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 26, 2023 at 10:13pm
Listing Provided by:
Juan Duarte DRE #01029156 323-533-9938,
First Class Real Estate
Bought with:
DELIMIRO CEJA, DRE #02055809
CENTURY 21 REALTY MASTERS
Source: CRMLS,MLS#: DW23065265
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
Heating
- Wall Furnace
Appliances
- Laundry: Common Area, Gas Dryer Hookup, Laundry Room
Features
- Flooring: Laminate, Tile, Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,556
- Total interior livable area: 5,556 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 8
Features
- Levels: Two
- Stories: 2
- Entry location: front
- Pool features: None
Lot
- Size: 7,784 sqft
- Features: Level, Rectangular Lot
Details
- Parcel number: 5040030003
- Zoning: LARD1.5
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Combination, Raised, Slab
Condition
- New construction: No
- Year built: 1992
Utilities & green energy
- Sewer: Sewer Tap Paid
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Urban
Location
- Region: Los Angeles
HOA & financial
Other financial information
- Total actual rent: 85968
Other
Other facts
- Listing terms: Cash,Cash to New Loan
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Estimated market value
$1,830,300