NOT LISTED FOR SALE

1178 W 37th St Los Angeles, CA 90007

Exposition Park Neighborhood

Estimated Value: $1,865,000 - $2,256,000

4 Beds
2 Baths
2,378 Sq Ft
$876/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $1,950,000 $820 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $13,414/month

28 Days on Market

About This Home

As of May 2022

We are pleased to offer for sale this 7,250 SF lot Student Housing Development opportunity located at 1178 W. 37th Street, less than a block to the University of Southern California (USC).The site offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development of an additional 3 units, totaling a potential 7 buildable units. There is an existing duplex currently on the lot that will be delivered vacant upon the close of escrow.The property offers residents a highly desirable location, well situated in the DPS Patrol Zone, walking distance to campus and University Village - providing easy access to all of USC's landmarks, academic buildings, and entertainment options.

Last Agent to Sell the Property

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 03/25/2022

Keller Williams Hollywood Hills

Last Buyer's Agent

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 03/25/2022

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,741

Year Built

  • Built in 1927

Lot Details

  • 7,250 Sq Ft Lot

Parking

  • 8 Parking Spaces

Interior Spaces

  • 2,378 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5040-031-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,741

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2378
  • Lot Acreage: 0.1664
  • Stories: 2
  • Year Built: 1927
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 820.02

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 8

Lot Info

  • Assessed Improvement Percent: 34.99
  • Assessed Improvement Value: 146292
  • Assessed Land Percent: 65.01
  • Assessed Land Value: 271810
  • Total Assessed Value: 418102
  • Assessor Parcel Number: 5040-031-002
  • Lot Size Area: 7250

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Apartments
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
Jul 6, 2022
Sold by
1180 37Th St Llc
Bought by
1180 37Th St Llc
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Davis Saadian
Keller Williams Hollywood Hills
List Price
$1,950,000
Sold Price
$1,950,000
Current Estimated Value
$2,073,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,377
Avg. Annual Appreciation
2.05%
Original Mortgage
$1,170,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2019
Sold by
Sanchez Jesse
Bought by
Sanchez Kathryn Marie and Sanchez Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2019
Sold by
Montes Richard T and Sanchez Kathryn Marie
Bought by
Montes Richard T and Sanchez Kathryn Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2013
Sold by
Gonzales Frances M and Estate Of Julieta M Vargas
Bought by
Montes Richard T and Sanchez Kathryn Marie
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1180 37Th St Llc -- --
Sanchez Kathryn Marie -- Orange Coast Ttl Co Of Socal
Montes Richard T $240,000 Orange Coast Ttl Co Of Socal
Montes Richard T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1180 37Th St Llc $1,500,000
Closed 1180 37Th St Llc $1,170,000
Previous Owner 1180 37Th St Llc $1,170,000
Previous Owner Montes Richard T $400,000
Previous Owner Vargas Julieta M $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2022 05/09/22 Sold $1,950,000 0.0% $820 / Sq Ft
04/22/2022 04/22/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $1,950,000 -- $820 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,741 $2,069,355 $2,016,295 $53,060
2024 $24,741 $2,028,780 $1,976,760 $52,020
2023 $24,261 $1,989,000 $1,938,000 $51,000
2022 $5,374 $426,463 $277,246 $149,217
2021 $5,296 $418,102 $271,810 $146,292
2020 $5,346 $413,815 $269,023 $144,792
2019 $3,393 $256,635 $135,072 $121,563
2018 $3,301 $251,604 $132,424 $119,180
2016 $3,138 $241,836 $127,283 $114,553
2015 $3,095 $238,205 $125,372 $112,833
2014 $3,121 $233,540 $122,917 $110,623
Source: Public Records

Agents Affiliated with this Home

  • Davis Saadian

    Seller's Agent in 2022

    Davis Saadian

    Keller Williams Hollywood Hills

    (310) 402-8958

    17 in this area

    78 Total Sales

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Map

Source: The MLS

MLS Number: 22-140213

The MLS

APN: 5040-031-002

California Los Angeles County Los Angeles 90007 Exposition Park

1178 W 37th St, Los Angeles, CA

This home is located at 1178 W 37th St, Los Angeles, CA 90007 since 25 March 2022 and is currently estimated at $2,083,170, approximately $876 per square foot. This property was built in 1927. 1178 W 37th St is a home located in Los Angeles County with nearby schools including Lenicia B. Weemes Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

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