1597 W 37th Street, Los Angeles, CA 90018
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1597 W 37th Street,Los Angeles, CA 90018
$2,900,000
- 27 Beds
- - Baths
- 7,341 sq. ft.
- Multi-family
- Active
Listed by: benjamin lee
Office: lyon stahl investment real estate, inc.
MLS#:CL26853569
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$2,900,000
- Price per sq. ft.:$395.04
About this home
We are pleased to present 1597 W 37th Street, a 2025 ground-up new construction asset in the Exposition Park neighborhood of Los Angeles, located just west of USC. Totaling approximately 7,341 rentable square feet across three fully furnished units and 27 beds, each with its own private en-suite bathroom, the property offers exceptional versatility across multiple housing strategies, including student rentals, co-living, affordable housing, or program-based and transitional housing. The asset features premium finishes throughout, including quartz countertops, stainless steel appliances, tiled showers with glass enclosures, new flooring, and in-unit washers and dryers, minimizing near-term capital requirements and maximizing tenant appeal. At just $395 per square foot, the acquisition basis represents a significant discount to current replacement cost for comparable new construction in Los Angeles, a basis that would be nearly impossible to replicate at today's construction costs. This pricing dynamic creates a structural competitive advantage. New entrants cannot deliver a comparable asset at a lower cost basis, effectively limiting the threat of supply-driven rent compression. For investors, this translates to a more defensible asset value and greater long-term income stability. The property operates under a master lease guaranteeing full occupancy with 5% annual rent escalations, providing investors with immediate, structured cash flow and no day-to-day management obligations. Under the lease structure, the tenant assumes responsibility for utilities, maintenance, and property operations, significantly reducing landlord exposure and delivering a more predictable, low-touch income stream. In-place rents are further supported by meaningful upside to market, offering investors a clear path to enhanced yields upon lease maturity. Strategically located with direct access to the Expo/Western Metro Station, the property provides tenants connectivity to Downtown, Mid-City, and the Westside, and sits within close proximity to USC and cultural landmarks including the LA Coliseum, BMO Stadium, the California Science Center, and the upcoming Lucas Museum of Narrative Art, positioning it to serve a broad tenant base. Beyond its strong in-place cash flow, the property offers compelling tax advantages, with potential eligibility for 100% bonus depreciation under current legislation. Prospective investors are encouraged to consult the listing agents regarding a cost seg...
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Home facts
- Year built:2025
- Listing ID #:CL26853569
- Added:44 day(s) ago
- Updated:August 13, 2026 at 02:32 PM
Rooms and interior
- Bedrooms:27
- Flooring:Wood
- Living area:7,341 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Natural Gas
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:7,341 sq. ft.
- Lot area:0.13 Acres
Finances and disclosures
- Price:$2,900,000
- Price per sq. ft.:$395.04
Features and amenities
- Laundry features:Dryer, Washer
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at August 13, 2026New listings near 1597 W 37th Street
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