3-Unit USC-Area
New
For Sale
$1,800,000
1241 W 37th DR, Los Angeles, CA 90007
Two of the three residences are vacant, while the renovated front home is occupied.
Property Size3,727 SF
Lot Size0.15 Acres
Price / SF$482.96
Days on Market5
Property Features for 1241 W 37th DR
General Information
Standard status
Active
Size
3,727 SF
Lot size
0.15 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
South Los Angeles
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/4BA, 2 x 3BR/3BA
Multifamily Units
3
Individually Metered Utilities
electricity, gas
Additional Details
Asking Price
$1,800,000
Tenant in Place
Yes
Amenities
in-unit laundry
private WiFi
24/7 monitored security
on-site parking
Building Details
Building Size
3,727 SF
Year Built
1907
Buildings
2
Listing Agency:
Younglewin Advisors, Inc.
Listed By:
Daniel Lewin · License #01932742
Source:
Jademillsestates
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 4:47PM
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.
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Investment Insights
Based on property information with market context.
This three-unit property comprises two buildings with approximately 3,727 SF on a 6,600 SF lot. The 1907 front house has four bedrooms and four bathrooms and is occupied. Behind it, a two-story building completed in 2013 contains two townhome-style residences, each with three bedrooms, three bathrooms, and in-unit laundry; both are vacant. On-site parking, property-wide private WiFi, and monitored security are also provided. Electricity and gas, where applicable, are separately metered, with tenants paying those utilities directly.
The property is within a five-minute walk of USC and lies in the university’s DPS patrol and free Lyft zones. Exposition Park, the LA Memorial Coliseum, BMO Stadium, the Lucas Museum of Narrative Art, and Expo Line access are nearby. The three units have a 11.27 market GRM and a 5.91% market cap rate, based on projected market rents.
The property is within a five-minute walk of USC and lies in the university’s DPS patrol and free Lyft zones. Exposition Park, the LA Memorial Coliseum, BMO Stadium, the Lucas Museum of Narrative Art, and Expo Line access are nearby. The three units have a 11.27 market GRM and a 5.91% market cap rate, based on projected market rents.
Key Highlights
- Three units across two buildings, totaling approximately 3,727 SF on a 6,600 SF lot
- Two vacant 3‑bedroom, 3‑bathroom units; each has in‑unit laundry
- 1907 front house has 4 bedrooms and 4 bathrooms and is occupied
Property Analytics
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Two of the three residences are vacant, while the renovated front home is occupied.
Where is this triplex located?
The property is located at 1241 W 37th DR Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three units across two buildings, totaling approximately 3,727 SF on a 6,600 SF lot; Two vacant 3‑bedroom, 3‑bathroom units; each has in‑unit laundry; 1907 front house has 4 bedrooms and 4 bathrooms and is occupied
