Home | Los Angeles County | Los Angeles | 90007 | 1223 W 37th Pl
MLS: CRPW26241175 | Status: Active | Price: $1,550,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,003 | 1904 |
USC-Area 3-Unit Property - 7.04% Current Cap Rate with Approx. 20% Rental Upside, 5-Minute Walk to USC. 1223 W. 37th Place presents a 3-unit, 10-bedroom investment opportunity located a short 5-minute walk to the USC campus and within walking distance of the Metro Expo Line. The property consists of a classic 1904 front house configured as a 4 bed/4 bath and two rear 2-story townhome-style 3 bed/3 bath units, totaling approx. 3,964 SF on a large 7,003 SF lot. Interiors feature wood-style flooring, original built-in woodwork in the front house, and updated kitchens and bathrooms. All three units are currently leased, providing in-place income. Offered at $1,550,000, $516,667 per unit and $391 per square foot, at a 7.04% current cap rate and 10.33 GRM. Current rents total $12,510/month ($150,120/year), with projected market rents of $15,000/month ($180,000/year), reflecting an 8.61 GRM and 7.94% cap rate. Located within USC's DPS patrol zone, steps from Exposition Park, the LA Memorial Coliseum, BMO Stadium, the new Lucas Museum of Narrative Art, and Expo Line access, with the area set to host major events for the 2028 Olympic Games. Some photos have been virtually enhanced.
| Field | Value |
|---|---|
| MLS # | CRPW26241175 |
| MLS Source | California Regional MLS |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Appliances | Microwave, Oven Range - Gas, Refrigerator |
| Flooring | Laminate |
| Feature | Details |
|---|---|
| Pool | None |
| Style | Craftsman |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| HOA Fee | $0 |
Daniel Lewin
Younglewin Advisors, Inc.
License #: 01932742
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | 3 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1236 W 37th Pl | $1,500,000 | – | – | – | Active |
| 1329 W 37th Pl | $1,500,000 | – | – | – | Active |
| 1325 W. 24th St | $1,550,000 | – | – | – | Active |
| 1311 W 38th | $1,375,000 | – | – | – | Active |
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This listing information is up-to-date as of November 11, 2026. For the most current information, please contact Daniel Lewin.