1416 West 37th Drive - Specialty FOR SALE


Los Angeles, CA 90018- South Central LA
$1,700,000 USD
213-935-1819
1416 West 37th Drive, Los Angeles, CA for Sale
$1,700,000 USD
Specialty - FOR SALE
1/9
null | Request Cap Rate

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1416 West 37th Drive
Los Angeles, CA 90018
South Central LA


HIGHLIGHTS

  • R4 zoning

OVERVIEW

USC-Adjacent Religious Property | R4 Zoning | ±15-Unit Development Potential Rare opportunity in an exceptionally strategic location just minutes from USC. 1416 W 37th Drive presents a unique opportunity for a church, faith-based organization, investor, or developer seeking a property with an existing religious-use identity and significant development potential. The property is R4-zoned, offering an attractive opportunity for future residential development. From a developer’s perspective, the property’s highest and best use is approximately a 15-unit residential development, subject to the buyer’s independent verification of zoning, density, entitlements, and all applicable City requirements. For a religious organization, the property offers the opportunity to establish or expand a ministry presence in a location with the significant advantage of being USC-adjacent. The combination of USC proximity, R4 zoning, religious-use potential, and residential development upside creates multiple potential strategies for an owner-user, investor, or developer. Seller Motivated — Bring Your Best Offer Offered at $1,700,000. Seller is motivated and will consider qualified offers from buyers who can demonstrate the financial capacity to close. Bring your strongest offer. The seller is prepared to evaluate the overall strength of the offer, including price, terms, and buyer qualifications. Buyer to independently verify zoning, permitted uses, development potential, unit count, square footage, and all other property information with the appropriate governmental agencies.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$751 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR4

APN/PARCEL ID

5041-030-026

ASK ABOUT THIS PROPERTY

Barry WileyCommunity Real Estate FirmMore Info
213-935-1819

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Barry WileyCommunity Real Estate FirmMore Info
213-935-1819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.