3-Unit
1329 W 37th PL, Los Angeles, CA 90007
For Sale
$1,500,000
Built for co-living, the property has a bedroom-based layout and sits within walking distance of USC.
Property Size5,917 SF
Price / SF$253.51
Days on Market17
Property Features for 1329 W 37th PL
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
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams R. E. Services
Listed By:
Kirk Garabedian · License CA #01216376
(818) 588-0072
Source:
Benbelack
Added: Oct 29
Changed: Nov 13
Last Checked: Nov 12 at 3:03PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2020, this triplex contains three residential units configured for co-living. One unit has four bedrooms and five bathrooms; the other two each have three bedrooms and five bathrooms. The property is fully occupied.
The building is within walking distance of the University of Southern California and USC Village. Public transportation, shopping, dining, and major employment centers are also identified in the surrounding area.
The building is within walking distance of the University of Southern California and USC Village. Public transportation, shopping, dining, and major employment centers are also identified in the surrounding area.
Key Highlights
- Three residential units: one 4‑bedroom, 5‑bathroom unit and two 3‑bedroom, 5‑bathroom units
- Built in 2020
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,332
Cap Rate
6.89%
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 6.89%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,209 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,929 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$852,900
Median Home Value
Market
Average Price Trend$/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 - Built for co-living, the property has a bedroom-based layout and sits within walking distance of USC.
Where is this triplex located?
The property is located at 1329 W 37th PL Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three residential units: one 4‑bedroom, 5‑bathroom unit and two 3‑bedroom, 5‑bathroom units; Built in 2020; 100% occupied
