1183 W 37th Dr Los Angeles, CA 90007
Exposition Park NeighborhoodEstimated payment $5,550/month
Total Views
9,356
2
Beds
1
Bath
1,036
Sq Ft
$819
Price per Sq Ft
Highlights
- Wood Flooring
- 3-minute walk to Expo/Vermont
- Laundry Room
- No HOA
- Living Room
- Bungalow
About This Home
Prime redevelopment opportunity steps from the University of Southern California's main campus. Dream Home Lending program available. (subject to qualification) See the attached doc. The owner has approved plans for a 3-bedrooms (could have 4 beds) /3-bathh ADU and main house remodel 3bd/2ba with office/bonus room. Nestled within the DPS and CSC patrol zones, and walking distance to Exposition Park the site of iconic landmarks such as the LA Memorial Coliseum, the Banc of California Stadium, and the forthcoming $1 billion George Lucas Narrative Art Museum the property benefits from an unbeatable location that continues to attract investment and development interest. The site is also within easy walking distance of the Metro Light Rail Expo Line, which provides direct access to Downtown Los Angeles and Santa Monica. 1,036 sqft, owner-occupied, single-family home featuring two bedrooms, one bathroom, a spacious living room, dining room, den, and laundry room, the property is being offered vacant at the time of sale. Redevelopment potential of the 4,000 square foot LARD2-zoned lot. Ideal use is for a tear-down and new student housing construction. By-right development would allow for two new units (buyer to verify with the city). This offering provides a rare opportunity for an investor or developer to capitalize on the strong demand for student housing in the USC submarket by operating the existing structure during the entitlement process or immediately pursuing new construction to maximize the site's value.
Listing Agent
Nourmand & Associates-HW License #01208924 Listed on: 04/08/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,826
Year Built
- Built in 1921
Lot Details
- 4,000 Sq Ft Lot
- Lot Dimensions are 40x100
- Property is zoned LARD2
Home Design
- Bungalow
Interior Spaces
- 1,036 Sq Ft Home
- 1-Story Property
- Decorative Fireplace
- Living Room
- Wood Flooring
- Oven or Range
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- 2 Parking Spaces
- Driveway
Utilities
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5040-032-020
Map
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Home Values in the Area
Average Home Value in this Area
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 | $10,826 | $902,252 | $712,398 | $189,854 |
| 2024 | $10,826 | $884,562 | $698,430 | $186,132 |
| 2023 | $10,619 | $867,219 | $684,736 | $182,483 |
| 2022 | $10,127 | $850,215 | $671,310 | $178,905 |
| 2021 | $10,002 | $833,546 | $658,148 | $175,398 |
| 2019 | $1,912 | $152,343 | $121,880 | $30,463 |
| 2018 | $1,869 | $149,357 | $119,491 | $29,866 |
| 2016 | $1,778 | $143,559 | $114,852 | $28,707 |
| 2015 | $1,753 | $141,403 | $113,127 | $28,276 |
| 2014 | $1,768 | $138,634 | $110,911 | $27,723 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Price Changed | $849,000 | -3.0% | $819 / Sq Ft |
| 04/22/2025 04/22/25 | Price Changed | $875,000 | -5.4% | $845 / Sq Ft |
| 04/08/2025 04/08/25 | For Sale | $925,000 | +12.1% | $893 / Sq Ft |
| 12/13/2019 12/13/19 | Sold | $825,000 | 0.0% | $796 / Sq Ft |
| 05/08/2019 05/08/19 | Pending | -- | -- | -- |
| 02/01/2019 02/01/19 | Price Changed | $825,000 | -3.1% | $796 / Sq Ft |
| 09/09/2018 09/09/18 | For Sale | $851,500 | -- | $822 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $825,000 | Ticor Title | |
| Grant Deed | $100,000 | World Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $439,000 | New Conventional | |
| Closed | $412,500 | Construction | |
| Previous Owner | $90,000 | Unknown | |
| Previous Owner | $75,000 | Seller Take Back |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25522421
APN: 5040-032-020
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