NOT LISTED FOR SALE

1226 W 37th Dr Los Angeles, CA 90007

Exposition Park Neighborhood

Estimated Value: $1,492,000 - $1,878,000

7 Beds
4 Baths
1,834 Sq Ft
$954/Sq Ft Est. Value

Last Sold December 14, 2022

Last sale price $1,800,000 $981 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $11,236/month

41 Days on Market

About This Home

As of December 2022

We are pleased to offer the opportunity to acquire this fully occupied student housing investment, located in the desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The duplex is approximately 1,834 rentable square feet on a 7,522 square foot lot, featuring one (1) spacious 4-bedroom + 2-bathroom unit, & one (1) 3-bedroom + 2-bathroom unit. The property has future redevelopment potential in that a developer has a 7,522 square foot lot, zoned LARD2, and has excellent ADU potential to further increase cashflow. The property is currently fully occupied with USC students and rented for $6,275/Month.

Last Agent to Sell the Property

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 10/08/2022

Keller Williams Hollywood Hills

Last Buyer's Agent

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 10/08/2022

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,258

Year Built

  • Built in 1909

Lot Details

  • 7,522 Sq Ft Lot

Interior Spaces

  • 1,834 Sq Ft Home
  • Wood Flooring

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5040-013-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,258

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1834
  • Lot Acreage: 0.1727
  • Year Built: 1909
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 7
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven, Refrigerator, Garbage Disposal
  • Price Per S Q F T: 981.46

Exterior Features

  • Other Structures: Other

Lot Info

  • Assessed Improvement Percent: 14.63
  • Assessed Improvement Value: 120000
  • Assessed Land Percent: 85.37
  • Assessed Land Value: 700000
  • Total Assessed Value: 820000
  • Assessor Parcel Number: 5040-013-023
  • Lot Size Area: 7522

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.00
  • Number Of Units: 2
  • Total Annual Expense: 15150
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2022
Closed on
Oct 18, 2022
Sold by
Pearson Anne E
Bought by
Ren Xuemel and Ren Yong Chuan
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Davis Saadian
Keller Williams Hollywood Hills
List Price
$1,800,000
Sold Price
$1,800,000
Views
38
Current Estimated Value
$1,750,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,662
Avg. Annual Appreciation
1.77%
Original Mortgage
$847,500
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2007
Sold by
Aguirre Noel O and Aguirre Judith D
Bought by
Pearson Anne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2007
Sold by
Pearson Paul Stanley
Bought by
Pearson Anne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2007
Sold by
Aguirre Miguel A and Aguirre Marta A
Bought by
Aguirre Noel O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 1, 2006
Sold by
Sample Jodie and Sample Mable
Bought by
Aguirre Miguel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.37%
Mortgage Type
Unknown
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
Ren Xuemel $1,695,000 Pacific Coast Title
Pearson Anne E $740,000 Fidelity National Title
Pearson Anne E -- Fidelity National Title
Aguirre Noel O -- Accommodation
Aguirre Miguel A $600,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ren Xuemel $847,500
Previous Owner Pearson Anne E $592,000
Previous Owner Pearson Anne E $74,000
Previous Owner Aguirre Miguel A $90,000
Previous Owner Aguirre Miguel A $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2022 12/14/22 Sold $1,800,000 0.0% $981 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
10/08/2022 10/08/22 For Sale $1,800,000 -- $981 / 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 $21,258 $1,763,478 $1,144,440 $619,038
2024 $21,258 $1,728,900 $1,122,000 $606,900
2023 $20,846 $1,695,000 $1,100,000 $595,000
2022 $10,063 $820,000 $700,000 $120,000
2021 $10,122 $820,000 $700,000 $120,000
2019 $9,097 $734,000 $595,100 $138,900
2018 $9,091 $734,000 $595,100 $138,900
2016 $6,239 $500,000 $400,000 $100,000
2015 $5,047 $400,000 $300,000 $100,000
2014 $3,953 $300,000 $220,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Davis Saadian

    Seller's Agent in 2022

    Davis Saadian

    Keller Williams Hollywood Hills

    (310) 402-8958

    18 in this area

    79 Total Sales

    Davis Saadian
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Map

Source: The MLS

MLS Number: 22-207021

The MLS

APN: 5040-013-023

California Los Angeles County Los Angeles 90007 Exposition Park

1226 W 37th Dr, Los Angeles, CA

This home is located at 1226 W 37th Dr, Los Angeles, CA 90007 since 08 October 2022 and is currently estimated at $1,750,338, approximately $954 per square foot. This property was built in 1909. 1226 W 37th Dr 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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