1597 W 37th Street, Los Angeles, CA 90018

• 27 beds
• 7,693 sqft

Property Description

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 $3,650,000 ($135,000 per door), the property delivers a projected cap rate of 6.69%, 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 suppor

Listing Status:

Active

Date Added:

September 30, 2025 at 05:00AM

Listing Office:

Keller Williams Beverly Hills : 310-432-6400

Listing Agent:

Adam Shamooelian : 310-658-2668

MLS ID:

CL25599139

Location

• County: Los Angeles

Lot

• Zoning: LAR25041021013

This listing courtesy of Adam Shamooelian, Keller Williams Beverly Hills