Massive $300,000 price reduction! Motivated seller, bring all offers! We are pleased to present a rare investment opportunity: a brand-new ground-up construction property completed in 2024, located just west of USC at 1597 W. 37th Street. This thoughtfully designed asset features 27 bedrooms and 27 bathrooms, each with a private en-suite, offering versatility for multiple housing strategies including student rentals, affordable housing, co-living, or transitional housing. Offered at $3,350,000 ($124,074 per bedroom), the property delivers a projected cap rate of 7.70%, providing both immediate cash flow and long-term upside. Priced well below today's replacement cost, a basis that would be nearly impossible to replicate with current construction costs. This opportunity is further enhanced by favorable seller financing: 50% down with a 3% interest-only loan for 3 years! Designed with tenant comfort and operational efficiency in mind, the building includes spacious open-concept kitchens, dining and living areas, in-unit laundry facilities, and 10-foot ceilings with modern finishes. The property comes furnished with appliances installed, and all bedrooms are fully furnished (living rooms excluded). In addition, each floor is equipped with a washer and dryer for added tenant convenience. These features not only attract strong tenant demand but also support a variety of operating models, whether leased by the bed, by the room, or for program-based housing providers. Strategically located outside of the DPS patrol zone yet within close proximity to USC, the Expo/Vermont Metro E Line station, and cultural landmarks such as the LA Coliseum, BMO Stadium, California Science Center, and the upcoming Lucas Museum of Narrative Art, the property is well positioned to serve a broad tenant base. With its brand-new construction, flexible use potential, and attractive seller financing, 1597 W. 37th Street offers investors a unique chance to secure a low-maintenance asset in one of Los Angeles' most resilient rental markets.
Source: School Digger
Source: Public Records
Source: Sperling's Best Places
80/100
Walk Score ®
58/100
Transit Score ®
82/100
Bike Score ®
8 nearby routes: 7 bus, 1 rail, 0 other
The average walkability score in the surrounding area is Walk Score: 78/100, Transit Score: 61/100, Bike Score: 63/100.
27 bds • 27 ba • 7,693 sqft
1597 W 37th Street, Los Angeles, CA 90018
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27 bds • 27 ba • 7693 sqft
1597 W 37th Street
28 bds • 28 ba • 8247 sqft
1570 W 36th Street
28 bds • 28 ba • 8247 sqft
1570 W 36th Street
bds • 0 ba • sqft
3720 S Western Avenue
bds • 0 ba • sqft
3720 S Western Avenue
bds • 0 ba • 7867 sqft
1340 W 37th Street
bds • 0 ba • 7867 sqft
1340 W 37th Street
4 bds • 21 ba • 13331 sqft
1885 W Jefferson Boulevard
4 bds • 21 ba • 13331 sqft
1885 W Jefferson Boulevard
18 bds • 12 ba • 5355 sqft
1325 W 37th Place
18 bds • 12 ba • 5355 sqft
1325 W 37th Place
15 bds • 15 ba • 4931 sqft
1259 W 36th Place
15 bds • 15 ba • 4931 sqft
1259 W 36th Place
16 bds • 16 ba • 5502 sqft
1269 W 36th Street
16 bds • 16 ba • 5502 sqft
1269 W 36th Street
18 bds • 9 ba • 6734 sqft
1250 W 37th Street
18 bds • 9 ba • 6734 sqft
1250 W 37th Street
14 bds • 13 ba • 5372 sqft
1207 W 37th Place
14 bds • 13 ba • 5372 sqft
1207 W 37th Place
Source: Realty.com
1597 W 37th Street, Los Angeles, CA 90018 is a , Residential Income property listed for $3,350,000 The property is 7693 sq. ft with 27 bedrooms and 27 bathrooms
Realty.com has 19 photos of 1597 W 37th Street.
Our records indicate that 1597 W 37th Street was built in 1912.
The full address for this home is 1597 W 37th Street, Los Angeles, CA 90018.
1597 W 37th Street has been listed on Realty.com since Tue November 25, 2025
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 78/100, Transit Score: 61/100, Bike Score: 63/100.
There are 3 schools assigned to this home. Check out the schools near 1597 W 37th Street. Birdielee V. Bright Elementary School (Grades: PK - 5), Crown Preparatory Academy (Grades: 5 - 8), Math And Science College Preparatory (Grades: 9 - 12)
Listing provided courtesy of:
Keller Williams Beverly Hills
(tel: 310-432-6400)
Listing agent:
Adam Shamooelian
(tel: 310-658-2668)
(#CLW-C136898)
This content last refreshed on 2025-12-07 21:37:43. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 1597 W 37th Street, Los Angeles, CA 90018 : MLS# 25622453
