1597 W 37th Street, Los Angeles, CA 90018

Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1597 W 37th Street,Los Angeles, CA 90018
$3,350,000
  • 27 Beds
  • 27 Baths
  • 7,693 sq. ft.
  • Multi-family
  • Active
Listed by: adam shamooelian
Office: keller williams beverly hills
MLS#:25622453
Source:CRMLS

Price summary

  • Price:$3,350,000
  • Price per sq. ft.:$435.46

About this home

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

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Home facts

  • Year built:1912
  • Listing ID #:25622453
  • Added:24 day(s) ago
  • Updated:December 19, 2025 at 02:27 PM

Rooms and interior

  • Bedrooms:27
  • Total bathrooms:27
  • Living area:7,693 sq. ft.

Structure and exterior

  • Year built:1912
  • Building area:7,693 sq. ft.
  • Lot area:0.13 Acres

Finances and disclosures

  • Price:$3,350,000
  • Price per sq. ft.:$435.46
Based on information from California Regional Multiple Listing Service, Inc. as of December 20, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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