1161 West 37th Drive

Los Angeles, CA 90007

$3,150,000
Price
7
Beds
6
Baths
4,436 Sq. Ft.
$710 / Sq. Ft.
4,436
Sq. Ft.
$710
per Sq. Ft.

Description

We are pleased to offer for sale this six (6) unit, sixteen (16) bedroom, student housing investment opportunity, located 1 block to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1913, and fully updated/remodeled throughout, with approximately 4,436 rentable square feet on a 6,951 square foot lot. The investment is comprised of three (3) separate structures, with a unit mix consisting of four (4) 3+3 units, one (1) 2+1 unit, and...

Property Details for 1161 West 37th Drive

Zoning
LARD2
Year Built Numeric
1913

Location

Listing Courtesy of BRC Advisors- BH, Davis Saadian, DRE #01921748

Property Details for 1161 West 37th Drive

StatusWithdrawn / Cancelled
MLS #21-692102
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.16 AC / 6,951 SF
CountyLos Angeles County

Listing Agent

Davis Saadian

Davis Saadian

BRC Advisors- BH

davis@brcadvisors.com

P: 310.402.8958

M: 310.402.8958

DRE #01921748

Contact Agent(s)

Location

Listing Courtesy of BRC Advisors- BH, Davis Saadian, DRE #01921748

Building Information for 1161 West 37th Drive

Stories2Residences-Year Built1913Building Size-Lot Size0.16 AC / 6,951 SF

Payment Calculator

$10,557 per month

30 year fixed, 2.95% Interest

Principal and Interest

$10,557

Property Taxes

HOA Dues

$0

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Property Information for 1161 West 37th Drive

Summary
    Location and General Information
  • Directions: 1161 W. 37th Drive, Los Angeles, CA 90007
  • Year Built Source: Vendor Enhanced
  • Zip 4: 4206
  • City: Los Angeles
  • Zip Code: 90007
  • County Or Parish: Los Angeles
  • Street Number Numeric: 1161
  • Street Direction Prefix: W
  • Street Name: 37Th
  • State: CA
    Parking
  • Parking Garage: None
  • Total Parking: 6
Property
    Property and Assessments
  • Assessed Improvement Percent: 22.22
  • Assessed Improvement Value: $207,111.00
  • Assessed Land Percent: 77.78
  • Assessed Land Value: $724,888.00
  • Assessed Total Value: $931,999.00
  • Assessor Parcel Number: 5040-032-017
  • Disclosures: As Is
  • Source Living Area: Appraiser
  • Source Lot Size Area: Vendor Enhanced
  • Number Of Photos: 20
    Lot Information
  • Area: Los Angeles Southwest (C34)
  • Lot Acreage: 0.1596
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 4436
  • Lot Size Area: 6951
    Utilities
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Interior and Exterior Features
    Interior Features
  • Baths Total: 15.0
  • Equipment: Dishwasher, Ceiling Fan, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Flooring: Wood
  • Heating: None
  • Number Of Stories: 2
  • Beds Total: 16
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Income: $250,200
  • Gross Operating Income: $247,716
  • Net Operating Income: $188,989.00
  • Total Annual Expense: 58727
    Unit Information
  • Type Of Units: Apartments
  • Unit Type Type: 2106, 2107, 2108
    Unit 1 Information
  • Unit Beds1: 3
  • Unit Baths1: 3
  • Unit Projected Rent1: $21,600.00
  • Unit Actual Rent1: $15,600.00
  • Unit Furnished1: Yes
  • Like Units1: 4
  • Unit Rent1: $15,600.00
    Unit 2 Information
  • Unit Projected Rent2: $2,700.00
  • Unit Furnished2: Yes
  • Like Units2: 1
  • Unit Rent2: $2,500.00
  • Unit Beds2: 2
  • Unit Baths2: 1
  • Unit Actual Rent2: $2,500.00
    Unit 3 Information
  • Unit Beds3: 2
  • Unit Baths3: 2
  • Unit Actual Rent3: $2,600.00
  • Like Units3: 1
  • Unit Projected Rent3: $2,700.00
  • Unit Rent3: $2,600.00
  • Unit Furnished3: Yes
Rental
    Rental Information
  • Vacancy Rate: N/A
  • Gross Rent Multiplier: $12.68
  • Number Of Buildings: 3
  • Number Of Units: 6

Property History for 1161 W 37th Dr

DateEvent & SourcePriceAppreciation
Mar 9, 2021

Withdrawn / Cancelled

CRMLS #21692102

Mar 9, 2021

Listed (Active)

CLAW #21-703184

$2,995,000
Mar 9, 2021

Withdrawn / Cancelled

CLAW #21-692102

DateEvent & SourcePrice
03/09/2021

Withdrawn / Cancelled

CRMLS #21692102

03/09/2021

Listed (Active)

CLAW #21-703184

$2,995,000
03/09/2021

Withdrawn / Cancelled

CLAW #21-692102

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1161 West 37th Drive

Taxable ValueLand$769,255Additions$219,787Total$989,042
Tax Record2020$12,803 ($1,067 / month)
Home Facts
Total Finished SqFt4,436 SqFtAbove Grade Finished SqFt4,436 SqFtLot Size6,951 SqFtStyleMulti-Family Res (5+ Units)Year Built1913ZoningLARD2CountyLOS ANGELESAPN5040032017

Schools near 1161 West 37th Drive


SchoolTypeGradesDistanceRating
Lenicia B. Weemes Elementary SchoolPublicK-50.2 mi
3
USC Hybrid High College PrepCharter9-120.4 mi
8
Global Education Academy Middle SchoolCharter6-80.5 mi
NR
Stem Preparatory AcademyCharterK-50.5 mi
2

Lenicia B. Weemes Elementary School

K-5, 0.2 mi, Public

3

USC Hybrid High College Prep

9-12, 0.4 mi, Charter

8

Global Education Academy Middle School

6-8, 0.5 mi, Charter

NR

Stem Preparatory Academy

K-5, 0.5 mi, Charter

2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1161 West 37th Drive
Los Angeles, CA 90007

7
Beds
6
Baths
4,436
Sq. Ft.

Similar Sold Homes

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All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of BRC Advisors- BH, Davis Saadian, DRE #01921748

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.