3-Unit Co-Living
1329 W 37th Dr, Los Angeles, CA 90007
For Sale
$1,350,000
Bedroom-based layouts and full occupancy support the property’s university-area rental profile.
Property Size5,917 SF
Price / SF$228.16
Days on Market18
Property Features for 1329 W 37th Dr
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Keller Williams R. E. Services
(818) 432-3200
Listed By:
Kirk Garabedian · License CA #01216376
(818) 298-8810
Source:
Exprealty
Added: Oct 29
Changed: Nov 14
Last Checked: Nov 14 at 2:03PM
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 Keller Williams R. E. Services
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Investment Insights
Based on property information with market context.
Built in 2020, this 5,917-square-foot triplex contains three units: one with four bedrooms and five bathrooms, plus two with three bedrooms and five bathrooms each. The bedroom-oriented configuration serves shared residential housing, and the property is fully occupied.
The property is within walking distance of the University of Southern California, USC Village, public transportation, shopping, dining, and major employment centers. It is also included in a six-building co-living apartment portfolio.
The property is within walking distance of the University of Southern California, USC Village, public transportation, shopping, dining, and major employment centers. It is also included in a six-building co-living apartment portfolio.
Key Highlights
- Three residential units, totaling 5,917 square feet
- Built in 2020
- Unit mix: one 4‑bedroom/5‑bathroom unit and two 3‑bedroom/5‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,332
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,066,640
$2.1M
Cap Rate 7%
$1,476,171
$1.5M
Cap Rate 9%
$1,148,133
$1.1M
Market Conditions
NOI Build-Up for 5,917 SF
Gross rent
$159.8K $27.00/SF
− Vacancy
−$12.1K −$2.05/SF
EGI
$147.6K $24.95/SF
− OpEx
−$44.3K −$7.48/SF
NOI
$103.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,066,640
Cap Rate 7%
$1,476,171
Cap Rate 9%
$1,148,133
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.29M – $1.72M
NOI $103,332 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,209 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,929 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
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
$852,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Los Angeles, CA
Properties on Market for Triplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Bedroom-based layouts and full occupancy support the property’s university-area rental profile.
Where is this triplex located?
The property is located at 1329 W 37th Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three residential units, totaling 5,917 square feet; Built in 2020; Unit mix: one 4‑bedroom/5‑bathroom unit and two 3‑bedroom/5‑bathroom units
