1183 W 37th Drive, Los Angeles, CA 90007 - Berkshire Hathaway HomeServices California Properties

1183 W 37th Drive, Los Angeles, CA 90007

$875,000 Approx. USD 2 beds, 1 baths
1,036 sqft

Listing Agent


Christopher Furstenberg | chrisfurstenberg@gmail.com
Lic#: 01208924
Broker: Courtesy of Nourmand & Associates-HW

Co Listing Agent


Howard Lorey | HLorey@Nourmand.com
Lic#: 01263717
Broker: Courtesy of Nourmand & Associates-BH

Agent Remarks

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.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# 25522421
List price is $875,000 Reduced by $50,000 on 4/22/2025
Price: $875,000
Beds: 2
Baths: 1 (1 full)
Decorative fireplaces
Built in 1921
1,036 sqft
1 story
0.09 acres
Lot size: 0.0918
County: Los Angeles
Property style: Bungalow
Zoning: LARD2
Appliances: Refrigerator
Parking description: Driveway
Heating description: Natural Gas
MLS area: C34 - Los Angeles Southwest
Furnished: Unfurnished

Last Updated: 4/22/2025

 Days On Market (DOM): 57

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This listing belongs to the C34 - Los Angeles Southwest MLS area

The style of this listing is Bungalow.
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Lat/Long: 34.019247, -118.294054.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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