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SOLD 2/4/2022

1679 W 37th Street, Los Angeles, CA 90018$975,000

6
beds
5
baths
2981
ft2
· 6806
ft2 lot
$335 / ft2

Listing provided courtesy of Listing Broker: Martin Watkins, Watkins Realty & Investments
Source CRMLS;
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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 !

HOA

$0/month

On market

4 months

Year built

1909

Property type

Multi-Family

Parking

3

MLS

21776600

Price / Sq.Ft.

$335 / ft2

Status

Closed

Buyer’s Brokerage Commission

Home details for 1679 W 37th Street

Interior Features & Layout
Appliances
•   
Appliances: Disposal
•   
Has Appliances
Heating & Cooling
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 2981.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway
Building Info
•   
Zoning: LAR2
•   
Roof: Composition, Shingle
•   
Stories Total: 1
•   
Num Stories: One
Lot Info
•   
Lot Features: Front Yard
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1562
•   
Lot Size Area: 6806.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 5
•   
Total Units: 5
Exterior Features
•   
Direction Faces: South
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 54708.00
•   
Total Actual Rent: 56400.00
•   
Total Expenses: 20040.00
•   
Gross Multiplier: 19.50
Tax/Assessment Info
•   
Gross Income: 54708.00
•   
Tax Year: 2021
•   
Taxes: 5476.74
Lease Info
•   
Net Operating Income: 34708.00
Other
•   
Financial Info As Of: 2021-08-24 00:00:00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1500.00
•   
Unit 3 Total Units: 3
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1500.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1071.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 2
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1071.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 988.00
•   
Unit 1 Total Rent: 988.00
Unit 4 Information
•   
Unit 4 Actual Rent: 817.00
•   
Unit 4 Total Units: 4
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 817.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 400.00
•   
Unit 5 Total Units: 5
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 400.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: 1 mile South of 10 freeway and 1/2 block east of Western Ave and 2 blocks North of Exposition
Other
Calculation
•   
Dom: 108

Neighborhood snapshot

44
Properties for sale
14.5
Median days on market
$533.61
Median sold price/sqft
101.75%
Sold/List %
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Property History for 1679 W 37th Street

02/04/2022
02/04/2022
CRMLS #21776600
sold
CRMLS #21776600
$999,000
12/01/2021
12/01/2021
CRMLS #21776600
active
CRMLS #21776600
$999,000
--9.18%
08/24/2021
08/24/2021
CRMLS #21776600
active
CRMLS #21776600
$1,100,000

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