Triplex With TOC Tier 3
For Sale
$1,495,000
1229 W 37th Drive Los Angeles CA 90007, Los Angeles, CA 90007
Three-unit property on a 6,600 SF lot zoned LARD2, positioned for TOC Tier 3 development potential.
Property Size2,100 SF
Lot Size0.15 Acres
Price / SF$711.90
Days on Market98
Property Features for 1229 W 37th Drive Los Angeles CA 90007
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.15 Acres
Property subtype
Residential Income
Zoning
LARD2
Additional Details
Multifamily Units
3
Building Details
Year Built
1906
Listing Agency:
CITYWIDE ELITE REALTY
(323) 702-1832
Listed By:
Ricardo Gonzalez · License #01183189
(323) 702-1832
Source:
Search.cochranrealestatepros
Added: May 20
Changed: Aug 23
Last Checked: Aug 24 at 3:08AM
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
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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 90007 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
