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8-Unit Apartment Building
For Sale
$2,950,000

1230 W 37th Dr, Los Angeles, CA 90007

Three separate structures offer a predominantly two-bedroom unit mix near USC.

Property Size5,179 SF
Lot Size0.17 Acres
Price / SF$569.61
Days on Market10

Property Features for 1230 W 37th Dr

General Information

Standard status Active
Size 5,179 SF
Lot size 0.17 Acres
Property subtype Residential Income

Site & Location

Neighborhood South Los Angeles
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 4 x 2BR/1BA, 1 x 4BR/4BA, 2 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units 8
Individually Metered Utilities electricity, gas

Additional Details

Asking Price $2,950,000
Tenant in Place Yes

Amenities

private WiFi
24/7 monitored security

Building Details

Buildings 3
Listing Agency: Younglewin Advisors, Inc.
Listed By: Daniel Lewin · License #01932742
Source: Exprealty
Added: Oct 20 Changed: Oct 28 Last Checked: Oct 28 at 3:05PM

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 Younglewin Advisors, Inc.

Rey
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Investment Insights

Based on property information with market context.

Three buildings on a pass-through lot contain eight apartments with 19 bedrooms and approximately 5,179 square feet of building area. Six units have been renovated, and two are in a new 2026 building. The mix includes four two-bedroom, one-bath units in the front structure; a four-bedroom, four-bath unit and a two-bedroom, two-bath unit in the middle structure; and two- and three-bedroom apartments in the rear structure. Seven units are vacant, while one is occupied.

The property is one block from USC and a short walk from the Metro Expo Line and Exposition Park. The location is also near the LA Memorial Coliseum, Banc of California Stadium, and the Lucas Museum of Narrative Art.

Electricity and gas are separately metered where applicable, with tenants paying providers directly. The property also has private WiFi and 24/7 monitored security.

Key Highlights

  • Eight apartments with 19 bedrooms across three buildings
  • Approximately 5,179 SF of building area on a 7,519 SF pass‑through lot
  • Seven of eight units vacant; one unit occupied

Property Analytics

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Lease Details

8
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,306
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three separate structures offer a predominantly two-bedroom unit mix near USC.
Where is this apartment building located?
The property is located at 1230 W 37th Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Eight apartments with 19 bedrooms across three buildings; Approximately 5,179 SF of building area on a 7,519 SF pass‑through lot; Seven of eight units vacant; one unit occupied
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