For Sale Commercial MLS# 26992189

1416 W 37th Drive

Los Angeles, CA 90018

$1,700,000

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About 1416 W 37th Drive

OWNER/USER WILL DELIVER PROPERTY EMPTY AND UNOCCUPIED AT CLOSE OF SALE. USC-Adjacent Religious Property | R4 Zoning | 15-Unit Development PotentialRare 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 OfferOffered 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.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1931
Living area
2,264 sqft
Price / sqft
$751
Lot
0.1391
Original price
$1,700,000
MLS #
26992189

Exterior & lot

Features
Parking spaces: 0
Lot
LAR4

Schools

District
Los Angeles Unified School District

Financial

Financial
Corporation
Tax year
2025
Parcel
5041030026
Special conditions
Standard

Location

Area
C34 - Los Angeles Southwest
County
Los Angeles
Neighborhood
Exposition Park
Community
0.0
Directions
1 Block north of Exposition, 3 lots west of Normandie on the south side of 37th Drive.

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Listed by Barry Wiley, Community Real Estate

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.