We are pleased to present an opportunity to invest in USC student housing. It is located within a mile of the main campus and within a couple of blocks of the Metro Expo Line. The asset consists of two buildings. There is a completely renovated, 5-bedroom 5-bathroom single family residence at the front of the lot with each bedroom being rented out individually. Right behind it is a 3 story Duplex and ADU. The Duplex was built in 2020 and is comprised of (2) 3-bedroom 3-bathroom units. The ADU, which was completed in 2023, is also 3 bedrooms and 3 bathrooms. The entire complex is leased to USC students. There is high demand for newer, updated student housing, which makes this investment even more attractive. The location is situated in the USC DPS security zone, which provides tenants and owners with peace of mind. The site is also within walking distance to the Metro Expo Line station offering easy access to everything LA, from the beach to DTLA. It is also a stone's throw from the LA Coliseum, home of the USC Trojan Football team, the LAFC Soccer Stadium, Exposition Park, the Natural History Museum of LA County and the George Lucas Museum of Narrative Art.
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 1915
Stories: 3
Living Area: 4,956 SqFt
Listing Office:
Office Name: McAlpin & Company
Office Phone: (310) 437-4172
Listing Agent: Jerome McAlpin
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Refrigerator
Flooring Type: Laminate
Bedroom and Bathroom Information:
Total Bedroom Count: 14
Exterior Features
Exterior Information:
View: City Lights
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: North of Exposition and East of Normandie Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $3,750,000
Price Per SqFt: $757/SqFt
Tax Information:
Annual Amount: $12,122
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.7M more than the Median Sold Price and $117/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24433527
Listing Office:
Office Name: McAlpin & Company
Office Phone: (310) 437-4172
Listing Agent: Jerome McAlpin
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 8:21:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 31, 2018
Dec 31, 2018Home Sold
$975,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,122
$1,004,802
2020
$11,760
$994,500
2019
$591
$975,000
2018
$582
$36,367
2017
$582
$35,654
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$18.7K
Per Month
Principal & Interest
$18.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.3K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Lenicia B. Weemes Elementary
1260 W 36th Pl
Distance between this listing and this school0.22 miles
Public District Grades PK-5
3
/10
STEM Preparatory Elementary School
1374 W 35th St
Distance between this listing and this school0.45 miles
Public Charter Grades KG-5
3
/10
John W. Mack Elementary
3020 S Catalina St
Distance between this listing and this school0.52 miles
Public District Grades KG-5
Nearby Schools
3
/10
Kipp Scholar Academy
1729 W Martin Luther King Jr Blvd
Distance between this listing and this school1.04 miles
Public Charter Grades 5-8
3
/10
William Jefferson Clinton Middle School
3500 S Hill St
Distance between this listing and this school1.10 miles
Public District Grades 6-8
6
/10
John Adams Middle School
151 W 30th St
Distance between this listing and this school1.32 miles
Public District Grades 6-8
Nearby Schools
8
/10
Ednovate - Usc Hybrid High College Preparatory
3939 S Vermont Ave
Distance between this listing and this school0.42 miles
Public Charter Grades 9-12
6
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.69 miles
Public District Grades 6-12
3
/10
Manual Arts High School
4131 S Vermont Ave
Distance between this listing and this school0.77 miles
The neighbors living near this home have an average income of $26,937. Residents of Los Angeles, CA typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1205 W 37th Dr
What is the listing price of this property?
The listing price of 1205 W 37th Dr property is $3,750,000.
What type of property is this?
The property 1205 W 37th Dr is a house located in Los Angeles, California, 90007.
Is this property for sale now?
Active Listing: 1205 W 37th Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,122 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 31, 2018 for $975,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1205 W 37th Dr has 14 bedrooms and 14 bathrooms.
What is the square footage of this property?
The property 1205 W 37th Dr is 4,956 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1205 W 37th Dr is 1915.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1205 W 37th Dr in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 4,956 square foot home, which was built in 1915, sits on a 0.15 acre lot. Features: 14 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $3,750,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Pro Boxing
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
H&M
Burlington
Foot Locker
Boston Market
White Castle
Popeyes
Honda
Kia
Nissan
Rhythmic Contemporary Hits
Urban Adult Contemporary