Triplex With TOC Tier 3
1229 W 37th Drive Los Angeles, CA 90007
For Sale
Contact for pricing
Three-unit property on a 6,600 SF lot zoned LARD2, positioned for TOC Tier 3 development potential.
Lot Size0.15 Acres
Days on Market68
Property Features for 1229 W 37th Drive
General Information
- Standard status
- Active
- Lot size
- 0.15 Acres
- Property subtype
- Multifamily
Listing Agency:
CITYWIDE ELITE REALTY
(626) 607-0139
Listed By:
RICARDO GONZALEZ · License #01183189
Source:
Crexi
Added: May 17
Changed: Jul 23
Last Checked: Jul 23 at 3:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CITYWIDE ELITE REALTY
Investment Insights
Based on property information with market context.
This offering includes an existing three-unit improvement consisting of a front house plus two rear units built in 2012, totaling five bedrooms and three bathrooms. The current property may be used for optional holding income while entitlements proceed, or it may be demolished to support new construction; buyer to confirm all development assumptions with its architect and consultants.
The 6,600 SF lot is described as zoned LARD2 and within the USC DPS Patrol Zone, with the seller noting less than one block from campus. The remarks cite confirmed TOC Tier 3 incentives, supporting a contemplated approximately seven-unit development with density bonus and an ADU/JADU stack; buyer to verify feasibility and all entitlement details with the City of Los Angeles Planning.
The property is to be delivered 100% vacant at close of escrow, with no RSO relocation costs, no tenant buyouts, and no holding delays. Tours are by appointment only, and developer buyers requesting the offering memorandum and feasibility study should contact the listing agent.
The 6,600 SF lot is described as zoned LARD2 and within the USC DPS Patrol Zone, with the seller noting less than one block from campus. The remarks cite confirmed TOC Tier 3 incentives, supporting a contemplated approximately seven-unit development with density bonus and an ADU/JADU stack; buyer to verify feasibility and all entitlement details with the City of Los Angeles Planning.
The property is to be delivered 100% vacant at close of escrow, with no RSO relocation costs, no tenant buyouts, and no holding delays. Tours are by appointment only, and developer buyers requesting the offering memorandum and feasibility study should contact the listing agent.
Key Highlights
- 6,600 SF lot zoned LARD2 in the USC DPS Patrol Zone, within less than 1 block of campus
- Confirmed TOC Tier 3 incentives may support approx. 7 units / 28+ beds via density bonus + ADU/JADU stack (buyer to verify)
- Property delivered 100% vacant at close of escrow with no RSO relocation costs, no tenant buyouts, and no holding delays
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit property on a 6,600 SF lot zoned LARD2, positioned for TOC Tier 3 development potential.
Where is this triplex located?
The property is located at 1229 W 37th Drive Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 6,600 SF lot zoned LARD2 in the USC DPS Patrol Zone, within less than 1 block of campus; Confirmed TOC Tier 3 incentives may support approx. 7 units / 28+ beds via density bonus + ADU/JADU stack (buyer to verify); Property delivered 100% vacant at close of escrow with no RSO relocation costs, no tenant buyouts, and no holding delays
