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1597 W 37th Street

Los Angeles, CA 90018
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Bed 27

Bed

Bath 0

Bath

SqFt7,341

Sqft

SqFt5,619

Sqft(Lot)

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 segregation feasibility study to fully assess and optimize these accelerated depreciation benefits. With its brand-new construction, flexible use potential, and stable master-lease cash flow, 1597 W 37th Street offers investors a rare chance to secure a low-maintenance asset in one of Los Angeles' most resilient rental markets.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,900,000

AD Id : 87069686

MLS Id : 26853569

Beds : 27

Lot Size : 5,619 Sqft

Living Area Size : 7,341

Year Built : 2025

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 27

    Bathroom Information

    Total Baths: 27

    Flooring Information

    Wood
  • Interior Features

    Appliances: Dishwasher, Gas Cooktop, Microwave, Oven, Refrigerator, Dryer, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 2025
    Building Area Total: 7341
    Private Pool: No

  • Lot Information

    Lot Dimensions: 41x136 Main Square Feet: 5619 Lot Size Acres: 0.129 Lot Size Source: Builder Lot Size Square Feet: 5,619

  • Listing Price Information

    Listing Price: $2900000

  • Tax Information

    Parcel Number: 5041021013

  • Location Information

    Direction: This property is located in the Exposition Park, a few blocks west of USC.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1915 Cordova Street, Los Angeles, CA, 90018 $848,000 2 1 1,608 1,608 SqFt
1930 S La Salle Avenue, Los Angeles, CA, 90018 $2,000,000 11 11 7,420 7,420 SqFt
1760 W 24th Street, Los Angeles, CA, 90018 $749,000 6 4 2,623 2,623 SqFt
2052 S Hobart Boulevard, Los Angeles, CA, 90018 $1,999,000 4 4 3,019 3,019 SqFt
1419 W 36th Street, Los Angeles, CA, 90018 $1,295,000 4 4 4,786 4,786 SqFt
3013 Halldale Avenue, Los Angeles, CA, 90018 $800,000 3 2 1,400 1,400 SqFt
3111 Halldale Ave., Los Angeles, CA, 90018 $890,000 4 2 1,545 1,545 SqFt
1444 W 37th Street, Los Angeles, CA, 90018 $4,500,000 -- -- 9,056 9,056 SqFt
2822 S La Salle Avenue, Los Angeles, CA, 90018 $1,625,000 10 6 4,320 4,320 SqFt
2248 S Hobart Boulevard, Los Angeles, CA, 90018 $1,575,000 3 4 4,210 4,210 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/26/2026 @ 20:58

MLS: 26853569 LISTED BY: Benjamin Lee, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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