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Josh Canova

Engel & Völkers

josh.canova@evrealestate.com +1(858) 361-7010

$ 875,000

Est. payment -/mo

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Active

1183 W 37th DR Los Angeles, CA 90007

2 Beds

1 Bath

1,036 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,036 sqft

Price per Sqft $844

MLS Listing ID 25522421

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1921

Lot Size 3,998 Sqft

Property Sub-Type Single Family Residence

Property Description

Prime redevelopment opportunity steps from the University of Southern California's main campus. 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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD2

Interior

Heating Natural Gas

Flooring Wood

Fireplaces Type Decorative

Furnishings Unfurnished

Fireplace Yes

Appliance Refrigerator

Laundry Laundry Room

Exterior

Parking Features Driveway

Pool None

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Entry Level One

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5040032020

Special Listing Condition Standard

Listed by Christopher Furstenberg Nourmand & Associates-HW

Josh Canova

Advisor | License ID: C135485

+1(858) 361-7010

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