Millman Team Real Estate

$1,495,000
0.15 Acre Lot

1229 W 37th Drive, Los Angeles, California 90007

  • Residential Income Property Type
  • 1906 Year Built
Property Description

ATTENTION USC STUDENT HOUSING DEVELOPERS: Rare TOC Tier 3 development opportunity in the heart of the USC DPS Patrol Zone, less than 1 block from campus. 6,600 SF lot zoned LARD2 with confirmed TOC Tier 3 incentives supports a development of approximately 7 units / 28+ beds under density bonus + ADU/JADU stack (buyer to verify with architect). Property to be delivered 100% VACANT at close of escrow — no RSO relocation costs, no tenant buyouts, no holding delays. Existing 3-unit improvement (2012-built rear units + front house, 5 bd / 3 ba total) provides optional holding income during entitlement, or immediate demolition to begin construction.

Developer buyers — call listing agent for offering memorandum and feasibility study. Owner is motivated; reviewing offers on a rolling basis. Buyer to verify all development potential, zoning, and entitlement options with City of Los Angeles Planning and own consultants. Tours by appointment only — please do not disturb existing occupants.

Basic Details
Residential Income
For Sale
WS26106991
$1,495,000
1906
0.15 Acre
Active
Single Family Residence
Features
: None
: Washer Hookup, Gas Dryer Hookup
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90007
37th
1229
Drive
W119° 42' 16.5''
N34° 1' 9.5''
West ExpoBlvd, N Catalina St, W 37th Dr
C34 - Los Angeles Southwest
W
LARD2
Additional Information
$0
$0
$0
$0
$0
2100
: Curbs
1
: 2-5 Units/Acre
3
2026-05-18
1
: Public
Broker/Agent Information
CITYWIDE ELITE REALTY
RICARDO GONZALEZ
Listing Information
ws79631
21143
Cash,Cash to New Loan
Active
2026-05-19T03:16:39Z
CRMLS
: Standard
2026-05-18T20:07:36Z
Agent info
Ray Millman
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