NOT LISTED FOR SALE

1189 W 37th Place Los Angeles, CA 90007

Exposition Park Neighborhood

Estimated Value: $1,864,688

9 Beds
3 Baths
3,039 Sq Ft
$614/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $1,700,000 $559 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $12,075/month

20 Days on Market

About This Home

As of September 2021

We are pleased to offer for sale this 7,000 SF lot Development opportunity located at 1189 W. 37th Place, 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, rented and occupied with USC students.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 USCs landmarks, academic buildings, and entertainment options.

Last Agent to Sell the Property

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 07/09/2021

Keller Williams Hollywood Hills

Co-Listed By

Adam Shamooelian

Keller Williams Beverly Hills License #02116849

Last Buyer's Agent

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 07/09/2021

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,286

Year Built

  • Built in 1939

Lot Details

  • 7,001 Sq Ft Lot

Parking

  • 3 Car Garage

Interior Spaces

  • 3,039 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Bathrooms

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5040-031-035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,286

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3039
  • Lot Acreage: 0.1607
  • Stories: 2
  • Year Built: 1939
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Freezer, Range/Oven, Refrigerator
  • Price Per S Q F T: 616.98

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 3

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 530604
  • Assessed Land Percent: 60
  • Assessed Land Value: 795906
  • Total Assessed Value: 1326510
  • Assessor Parcel Number: 5040-031-035
  • Lot Size Area: 7001

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.95
  • Number Of Units: 2
  • Total Annual Expense: 36491
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Aug 30, 2021
Sold by
Kopel Gary and Mehta Minal G
Bought by
1189 37Th La Llc
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Davis Saadian
Keller Williams Hollywood Hills
List Price
$1,875,000
Sold Price
$1,700,000
Premium/Discount to List
-$175,000
-9.33%
Current Estimated Value
$1,864,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,688

Purchase Details

Listed on
Oct 20, 2016
Closed on
Feb 8, 2017
Sold by
Bbdv Llc
Bought by
Kopel Gary and Mehta Minal G
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Davis Saadian
Keller Williams Hollywood Hills
List Price
$1,400,000
Sold Price
$1,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%
Original Mortgage
$1,000,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2014
Closed on
Jun 20, 2014
Sold by
Coleman Denise Michelle
Bought by
Bbdv Llc
Seller's Agent
Debra Jones
Keller Williams Los Angeles
Buyer's Agent
Shawn Araghi
BRC Advisors Inc.
List Price
$800,000
Sold Price
$848,500
Premium/Discount to List
$48,500
6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.97%

Purchase Details

Closed on
May 8, 2002
Sold by
Coleman Parazada
Bought by
Coleman Denise Michelle

Purchase Details

Closed on
May 6, 2002
Sold by
Coleman Appolos
Bought by
Coleman Parazada
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
1189 37Th La Llc $1,700,000 North American Title Company
Kopel Gary $1,250,000 North American Title Co Inc
Bbdv Llc $848,500 Fidelity National Title Co
Coleman Denise Michelle -- --
Coleman Parazada -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1189 37Th La Llc $3,440,000
Closed 1189 37 Th La Llc $1,007,500
Previous Owner Kopel Gary $1,000,000
Previous Owner Bbdv Llc $636,300
Previous Owner Coleman Denise Michelle $293,000
Previous Owner Coleman Denise Michelle $218,000
Previous Owner Coleman Denise Michelle $139,000
Previous Owner Coleman Denise Michelle $250,000
Previous Owner Coleman Denise Michelle $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $1,700,000 -9.3% $559 / Sq Ft
07/29/2021 07/29/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $1,875,000 +33.9% $617 / Sq Ft
03/16/2017 03/16/17 Sold $1,400,000 0.0% $461 / Sq Ft
10/20/2016 10/20/16 For Sale $1,400,000 0.0% $461 / Sq Ft
07/01/2015 07/01/15 Rented $7,000 +16.7% --
07/01/2015 07/01/15 Under Contract -- -- --
05/08/2015 05/08/15 For Rent $6,000 0.0% --
07/30/2014 07/30/14 Sold $848,500 +6.1% $279 / Sq Ft
06/04/2014 06/04/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $800,000 -- $263 / 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
2022 $20,286 $1,700,000 $1,200,000 $500,000
2021 $16,197 $1,340,252 $804,151 $536,101
2020 $16,362 $1,326,510 $795,906 $530,604
2019 $15,714 $1,300,500 $780,300 $520,200
2018 $15,592 $1,275,000 $765,000 $510,000
2016 $10,564 $861,439 $516,762 $344,677
2015 $10,411 $848,500 $509,000 $339,500
2014 -- $130,548 $83,553 $46,995
Source: Public Records

Agents Affiliated with this Home

  • Davis Saadian

    Seller's Agent in 2021

    Davis Saadian

    Keller Williams Hollywood Hills

    (310) 402-8958

    17 in this area

    78 Total Sales

    Section Image
  • Adam Shamooelian

    Seller Co-Listing Agent in 2021

    Adam Shamooelian

    Keller Williams Beverly Hills

    (310) 432-6400

    13 in this area

    47 Total Sales

    Section Image

  • R

    Seller's Agent in 2015

    Robert Brigande

    Sotheby's International Realty

    (310) 666-6941

    8 Total Sales

    Section Image
  • Debra Jones

    Seller's Agent in 2014

    Debra Jones

    Keller Williams Los Angeles

    (213) 393-0449

    5 Total Sales

    Section Image

  • S

    Buyer's Agent in 2014

    Shawn Araghi

    BRC Advisors Inc.

See All Agents

Map

Source: The MLS

MLS Number: 21-758938

The MLS

APN: 5040-031-035

California Los Angeles County Los Angeles 90007 Exposition Park

1189 W 37th Place, Los Angeles, CA

This home is located at 1189 W 37th Place, Los Angeles, CA 90007 since 09 July 2021 and is currently priced at $1,864,688, approximately $613 per square foot. This property was built in 1939. 1189 W 37th Place 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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