106 E Avenue 37, Los Angeles, CA 90031
Heritage Square Bungalow Portfolio Across from Gold Line Station
106 Avenue 37 is part of the Heritage Square Portfolio located in Northeast Los Angeles, directly across from the Heritage Square Gold Line station. The offering includes 106-114 E. Avenue 37, 103-117 E. Avenue 36, and 3614-3618 Pasadena Avenue, totaling 22 residential units and 3 commercial spaces situated on 51,492 SF of land.
Positioned at the intersection of Avenue 37 and Pasadena Avenue, the portfolio sits within immediate walking distance to rail transit, neighborhood retail, and the Highland Park corridor. Transit adjacency and land scale define this asset more than short-term rent narratives.
17 Standalone and Semi-Detached Bungalows Across Two Parcels
106-114 E. Avenue 37 and 103-117 E. Avenue 36 consist of 17 bungalow-style residential units situated on two parcels totaling 38,583 SF.
13 of the 17 units are true standalone bungalows with private entrances, no shared walls, individual side yards, and rear yard space. The remaining units maintain separation that preserves the cottage-style layout rather than traditional stacked apartment design.
This configuration materially changes how the asset operates. Bungalow layouts typically attract longer-term tenancy and create a residential feel that differs from conventional multifamily products. From an ownership perspective, private entrances and yard separation reduce shared interior maintenance and common area exposure.
The internal pathways, mature landscaping, and low-rise density give the site a neighborhood-scale presence rather than institutional massing.
3614-3618 Pasadena Avenue Mixed-Use Component Zoned RAS3
The Pasadena Avenue frontage includes 3 commercial spaces and 5 residential units situated on 12,433 SF of land zoned RAS3.
This portion of the portfolio provides direct street visibility along Pasadena Avenue while maintaining residential depth behind. RAS3 zoning allows for multifamily development consistent with the surrounding corridor, and the site’s proximity to rail transit introduces additional planning considerations.
From a structural standpoint, this component anchors the portfolio along a primary thoroughfare while the bungalow parcels operate internally at lower density.
Transit-Oriented Location Directly Across from Heritage Square Station
106 Avenue 37 sits directly across from the Heritage Square Gold Line station, providing immediate rail access to Downtown Los Angeles, Highland Park, and Pasadena.
Transit adjacency is a durable demand driver in Northeast Los Angeles. Properties located within walking distance to rail access tend to maintain leasing consistency due to mobility and commuter convenience.
The portfolio is eligible for Tier 3 TOC incentives, which may provide future development flexibility subject to city approval and planning review. Any redevelopment considerations should be evaluated through disciplined underwriting and site analysis rather than assumption.
Land Scale and Configuration Define the Opportunity
The combined 51,492 SF footprint across three addresses is the defining characteristic of this offering.
Low-rise bungalow density across multiple parcels, mixed-use frontage, and direct transit adjacency create optionality over time. For experienced owners, control of land and configuration often outweigh short-term income framing.
106 Avenue 37 represents a scale rarely assembled in this section of Northeast Los Angeles. The value is anchored in land position, layout separation, and transit proximity rather than narrative positioning.
Marketing Package:
Property Location
Sold Price
$5,270,000
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