1625 W 37th Place,Los Angeles, CA 90018
Los Angeles, CA 90018
Description
Presenting an exceptional opportunity to acquire a brand-new, purpose-built apartment building located at 1625 W 37th Pl, Los Angeles, CA. Thoughtfully designed for long-term durability and high tenant demand, this modern property offers 28 bedrooms with private en-suite bathrooms across three expansive units, each crafted with designer finishes and high-quality construction standards.Situated just minutes from USC and steps from the Metro Expo Line (in addition to other public transportation options), the building is ideally positioned to attract students, young professionals, and the growing co-living market. Each unit features a spacious community living room, generous kitchen, and substantial storage, providing an elevated living experience tailored to shared housing needs.With no rent control restrictions due to its new-construction status, investors benefit from full operational flexibility and the ability to maximize income from day one. At the asking price, the asset delivers strong cash flow with a cap rate exceeding 7.5%, making it a high-yield opportunity priced below current market alternatives. The Certificate of Occupancy was issued and dated February 2026.This is a rare chance to secure a high-performing, well-located, and newly built asset in one of Los Angeles' most resilient rental corridors.
Details
| MLS # | 26673035 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 145 |
| Listing Provided By | Remax Commercial and Investment Realty | Enrique Viramontes |
Features
| Bath(s) | 28 |
|---|---|
| SQ Feet | 8,036 |
| Story(s) | 3 |
| Units | 28 |
| Building(s) | 1 |
| Zoning | LAR2 |
| Acreage | 0.14 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher |
Parking
| Parking Features | None |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90018) | |
Price: $3,998,888 low | high Med: $1,332,500 sqft: 8,036 low | high Med: 3,084 $ / sqft: $498 low | high Med: $432 On site: 145 low | high Med: 53 | |
Market Activity 90018
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90018) | |
Price: $3,998,888 low | high Med: $1,332,500 sqft: 8,036 low | high Med: 3,084 $ / sqft: $498 low | high Med: $432 On site: 145 low | high Med: 53 | |
 | $2,900,0001597 W 37th StreetLos Angeles, CA 90018 |