1183 W 37th Drive
Los Angeles, CA, 90007
$795,000
MLS: 25630441
Beds
2
Baths
1
Sq Ft
1,036
Lot
0.09 ac
Year Built
1921
MLS #
25630441
Days on Market
115
Listed
Dec 22, 2025
Description
Don't miss this value-add USC student housing opportunity just a few blocks from campus and located within the DPS Patrol Zone. The property is currently leased for $2,400 and occupied by USC students, providing immediate income. Approved plans allow for the existing single-family home to be reconfigured from a 2-bedroom, 1-bath layout into a 3-bedroom, 2-bath unit, along with the conversion of the existing garage into a 4-bedroom, 4-bathroom ADU. This setup increases the overall bedroom count and offers strong upside in a high-demand student rental area. Zoning on the property is LARD2.
Location
Los Angeles, Los Angeles County, CA 90007
Open on Google Maps ↗Listed by: Michael R. Fukushima · Keller Williams Los Angeles
Payment estimate
$5,822
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $79,500 · Loan: $715,500
- Principal & Interest
- $4,396
- Property tax (1.25%)
- $828
- Homeowners insurance
- $300
- Mortgage insurance
- $298
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $27,825 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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