NOT LISTED FOR SALE

1679 1681 1/2 W 37th St Los Angeles, CA 90018

Exposition Park Neighborhood
6 Beds
5 Baths
2,981 Sq Ft
6,806 Sq Ft Lot

Last Sold February 04, 2022

Last sale price $975,000 $327 Per Sq Ft

108 Days on Market

Highlights

  • Breakfast Area or Nook
  • 4-minute walk to Expo/Western
  • South Facing Home
  • Bungalow
  • Ceramic Tile Flooring
  • Front Yard

About This Home

As of February 2022

Well Maintained 5 Unit building consisting of a 2 bed house in front and 4 ( 1 bed /1 bath ) units in rear. All Units are legal and the 4 units have been upgraded with new floors and other features. Close to USC, 2 blocks to Light Rail ( Expo Line ) , and 10 easy access to 10 freeway. This area has enjoyed a renaissance recently and is highly desireable. There is a HUGE upside in Rents as there have been no increases done within a few years. 10 x gross once market rents are achieved !

Last Agent to Sell the Property

Martin Watkins

Watkins Realty & Investments License #01249364 Listed on: 08/24/2021

Last Buyer's Agent

Martin Watkins

Watkins Realty & Investments License #01249364 Listed on: 08/24/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 6,806 Sq Ft Lot
  • South Facing Home
  • Front Yard

Home Design

  • Bungalow
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,981 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 5041-022-011

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • Vacancy Allowance $1,692

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2981
  • Lot Acreage: 0.1562
  • Stories: 1
  • Year Built: 1909
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 335.12

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Pool: No
  • Roof: Composition, Shingle
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Cooling: Wall/Window, Window Unit(s)
  • Heating: Wall Gas
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 14.29
  • Assessed Improvement Value: 56042
  • Assessed Land Percent: 85.71
  • Assessed Land Value: 336267
  • Total Assessed Value: 392309
  • Assessor Parcel Number: 5041-022-011
  • Lot Description: Front Yard
  • Lot Size Area: 6806

Rental Info

  • Total Actual Rent: 56400.00
  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 19.50
  • Number Of Units: 5
  • Total Annual Expense: 20040
  • Type Of Units: Apartments
  • Vacancy Allow: 1692
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 1,692

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2022 02/04/22 Sold $975,000 -2.4% $327 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
12/01/2021 12/01/21 Price Changed $999,000 -9.2% $335 / Sq Ft
08/24/2021 08/24/21 For Sale $1,100,000 -- $369 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Martin Watkins

    Seller's Agent in 2022

    Martin Watkins

    Watkins Realty & Investments

    (310) 901-9356

    1 in this area

    19 Total Sales

    Martin Watkins
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Map

Source: The MLS

MLS Number: 21-776600

The MLS
California Los Angeles County Los Angeles 90018 Exposition Park

1679 1681 1/2 W 37th St, Los Angeles, CA

This home is located at 1679 1681 1/2 W 37th St, Los Angeles, CA 90018 since 24 August 2021. This property was built in 1909. 1679 1681 1/2 W 37th St is a home located in Los Angeles County with nearby schools including Birdielee V. Bright Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

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