NOT LISTED FOR SALE

1178 W 37th St Los Angeles, CA 90007

Exposition Park Neighborhood

Estimated Value: $2,026,000 - $2,245,000

4 Beds
2 Baths
2,378 Sq Ft
$888/Sq Ft Est. Value

Last Sold May 09, 2022

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

Est. 8% increase in value since last sale

Current estimated payment $13,883/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 Listed By

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
Total Days on Market
28
Current Estimated Value
$2,111,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,836
Avg. Annual Appreciation
1.77%
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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in the area

  • 608 Woodlawn Ave, Venice, CA 90291

    $1,600,000

    • 3 Beds
    • 2 Baths
    • 1,112 Sq Ft
    • 608 Woodlawn Ave
    • Venice, CA

    Welcome to this rare Venice duplex - an incredible owner/user opportunity with 1 UNIT VACANT, perfectly positioned just steps from Abbot Kinney in the coveted Presidents Row neighborhood. This flexible and income-generating property includes two private-entry units (1 bed/1 bath + 2 bed/1 bath), each with its own outdoor yard - ideal for laid-back living or entertaining under the California sun.

    Paige Ogden Pardee Properties

    Section Image
  • 4714 S Main St, Los Angeles, CA 90037

    $1,800,000

    • 3 Beds
    • 2 Baths
    • 7,192 Sq Ft
    • 4714 S Main St
    • Los Angeles, CA

    Attention Investors!! This is a mixed-use property located at 4714 S Main St, situated in a rapidly growing area of Los Angeles, characterized by new developments and increasing demand for housing and retail. The building includes a retail store and the popular restaurant, Chicharroland, on the ground floor. Upstairs, you’ll find four spacious residential apartment units: three 1-bedroom, 1-bath

    Cristina Corea Stonewood Realty Group Inc.

    Section Image
  • 3030 W 12th Place, Los Angeles, CA 90006

    $1,995,000

    • 2 Beds
    • 2 Baths
    • 1,936 Sq Ft
    • 3030 W 12th Place
    • Los Angeles, CA

    A Rare LA Development Opportunity—RTI & Ready to Rise Investors, developers, and visionaries—this is the moment you’ve been waiting for. Welcome to 3030 W 12th Place, where an RTI-approved, 17-unit project is ready to take shape in the heart of Los Angeles. Currently home to a fully vacant duplex, this site holds the blueprint for something much bigger: a five-story, 12,092 sqft multi-unit

    Ed Kaminsky eXp Realty of California, Inc

    Section Image
  • 1145 S Kingsley Dr, Los Angeles, CA 90006

    $2,300,000

    • 3 Beds
    • 2 Baths
    • 1,665 Sq Ft
    • 1145 S Kingsley Dr
    • Los Angeles, CA

    25 Unit Redevelopment. Located within the Koreatown redevelopment project area. Koreatown Galleria supermarket & retail stores in very close distance. Dense demographic neighborhood. Close proximity to Olympic Blvd & Western. Side by side properties sold together only as one sale. APN's: 5080-026-008 & -009 Price is for both parcels. Sale Price $2,300,000. Legally 14 Units Bonus Density 25

    Kyi Lee KORUS Real Estate

    Section Image
  • 1061 W 57th St, Los Angeles, CA 90037

    $1,900,000

    • 3 Beds
    • 3 Baths
    • 6,997 Sq Ft
    • 1061 W 57th St
    • Los Angeles, CA

    The subject property is a 12 unit apartment building located in the South LA submarket of Los Angeles, on W 57th St, north of Slauson between Normandie and Vermont . Built in 1929, the property consists of (1) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (1) Studio / 1 Bath units that are spread out over 5,170 square feet. The building sits on a 5,170 square foot lot that is zoned LARD2. The property

    Aaron Jacobson Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 1139 S Kingsley Dr, Los Angeles, CA 90006

    $2,300,000

    • 2 Beds
    • 3 Baths
    • 2,092 Sq Ft
    • 1139 S Kingsley Dr
    • Los Angeles, CA

    25 Unit Redevelopment. Located within the Koreatown redevelopment project area. Koreatown Galleria supermarket & retail stores in very close distance. Dense demographic neighborhood. Close proximity to Olympic Blvd & Western.Side by side properties sold together only as one sale. APN's: 5080-026-008 & -009 Price is for both parcels. Sale Price $2,300,000. Legally 14 Units Bonus Density 25

    Kyi Lee KORUS Real Estate

    Section Image
  • 910 E 20th St, Los Angeles, CA 90011

    $1,999,000

    • 4 Beds
    • 3 Baths
    • 11,689 Sq Ft
    • 910 E 20th St
    • Los Angeles, CA

    A unique opportunity to acquire two contiguous parcels zoned LA-R2 within a designated Opportunity Zone. Comprised of three separate structures totaling 11,686sf in size, it includes a vacant house, a 4 unit multifamily, and a three story industrial building that has rooftop access with unobstructed views of Downtown LA. The entire property sits on a 12,008sf (.27 acres) corner lot w/ 150’

    Brian Noh Nohco Real Estate

    Section Image
  • 1037 S Bonnie Brae St, Los Angeles, CA 90006

    $1,995,000

    • 4 Beds
    • 2 Baths
    • 3,524 Sq Ft
    • 1037 S Bonnie Brae St
    • Los Angeles, CA

    4 units property and being used as 7 units. 3 units are being rent out per room. Property is conveniently located in moments from downtown LA, Westlake MacArthur Park Metro. 8 blocks from downtown LA.

    Tony Lee Elite Homes Realty

    Section Image
See All Homes in Los Angeles

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
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

    Davis Saadian
    Section Image
See All Agents

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

Homes for Sale in 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 $2,111,836, approximately $888 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes