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Los Angeles, CA

$1,495,000

1229 W 37th Drive, Los Angeles, CA
1906
Built
2
Days listed

About this home

ATTENTION USC STUDENT HOUSING DEVELOPERS: Rare TOC Tier 3 development opportunity in the heart of the USC DPS Patrol Zone, less than 1 block from campus. 6,600 SF lot zoned LARD2 with confirmed TOC Tier 3 incentives supports a development of approximately 7 units / 28+ beds under density bonus + ADU/JADU stack (buyer to verify with architect). Property to be delivered 100% VACANT at close of escrow — no RSO relocation costs, no tenant buyouts, no holding delays. Existing 3-unit improvement (2012-built rear units + front house, 5 bd / 3 ba total) provides optional holding income during entitlement, or immediate demolition to begin construction. Developer buyers — call listing agent for offering memorandum and feasibility study. Owner is motivated; reviewing offers on a rolling basis. Buyer to verify all development potential, zoning, and entitlement options with City of Los Angeles Planning and own consultants. Tours by appointment only — please do not disturb existing occupants.

Facts & features

Interior
Laundry
Washer Hookup, Gas Dryer Hookup
Exterior & lot
Lot size
0.152 acres (6,602 sq ft)
Pool
None
Year built
1906
Community
Area
C 34 - Los Angeles Southwest
County
Los Angeles
Community features
Curbs
Listing details
Status
Active
Property type
Single Family Residence
Days on market
2
Listed
2026-05-17
Terms
Cash, Cash To New Loan
Parcel #
5040014024
MLS #
WS26106991
Listed by
RICARDO GONZALEZ · CITYWIDE ELITE REALTY

Location

Price history

Listed
$1,495,000 · 2026-05-17
Days on market
2
Current price
$1,495,000
Financing

Could this home be yours?

Estimated monthly payment
$9,378
$7,560 principal & interest · $1,819 taxes & insurance
$299,000
Estimate only
Loan $1,196,000

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Listing data provided by CRMLS

Listing courtesy of CITYWIDE ELITE REALTY. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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