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1177 W 37th Place

Los Angeles, CA 90007
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Bed 46

Bed

Bath 39

Bath

SqFt19,900

Sqft

SqFt7,002

Sqft(Lot)

We are pleased to present 1177 W. 37th Place, a fully entitled, RTI ground up student housing development located approximately one-half block from the University of Southern California. This rare offering provides a developer or investor with the opportunity to acquire a shovel-ready, permit-ready project in one of Los Angeles' most supply-constrained and consistently performing rental submarkets. Current ownership has completed the time-consuming and capital-intensive work associated with architectural design, civil and structural engineering, construction documents, plan check, permits, and city approvals. An incoming buyer steps in at the finish line of the entitlement process, potentially avoiding an estimated 18 to 24 months or more of entitlement time and the associated discretionar y risk. Subject to buyer verification and payment of any remaining permit fees, the buyer can pull permits and begin construction. The approved plans, prepared by California Development & Design Inc., call for a five-story, approximately 19,900-square-foot building consisting of four levels of Type V-A residential construction over a Type I-A podium with ground-level parking and a residential lobby. The project includes seven residential units plus a multi-level ADU, for eight units total, with 46 bedrooms and 39 bathrooms. Purpose-built for a rent-by-the-bedroom student-housing model, the fully sprinklered NFPA-13 building also includes rooftop open space, on-site parking income, and a low-income housing subsidy component.At stabilization, 46 bedrooms leasing at approximately $1,500 per bed, together with parking and subsidy income, are projected to generate approximately $860,400 in scheduled gross income and $599,690 in net operating income. At a 6.0% capitalization rate, the projected stabilized value is approximately $10 million. This represents approximately $1.55 million in projected value creation, an 18.3% development margin on total cost, and an approximate 7.1% return on cost before refinancing, rent growth, and long-term appreciation. All plans, permits, construction costs, rents, income, and return projections are estimates and should be independently verified by the buyer.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,575,000

AD Id : 91669723

MLS Id : 26996719

Beds : 46

Lot Size : 7,002 Sq. Ft

Living Area Size : 19,900 Sq. Ft

Year Built : 2026

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 46

    Bathroom Information

    Total Baths: 39

  • Building Information

    Year Built: 2026
    Building Area Total: 19900
    Private Pool: No

  • Lot Information

    Main Square Feet: 7002 Lot Size Acres: 0.1607 Lot Size Square Feet: 7,002

  • Listing Price Information

    Listing Price: $2575000

  • Tax Information

    Parcel Number: 5040031033

  • Location Information

    Direction: 1177 W. 37th Place | Los Angeles, CA 90007
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1956 Magnolia Avenue, Los Angeles, CA, 90007 $969,000 5 4 2,820 4,158 Sq. Ft
1256 W 22nd, Los Angeles, CA, 90007 $875,000 4 4 -- 5,859 Sq. Ft
1420 W 22nd Street, Los Angeles, CA, 90007 $1,275,000 10 7 2,443 5,895 Sq. Ft
1452 W 22nd, Los Angeles, CA, 90007 $1,379,000 5 3 1,991 5,895 Sq. Ft
1545 W 22nd, Los Angeles, CA, 90007 $849,000 7 4 -- 4,214 Sq. Ft
1503 W Adams, Los Angeles, CA, 90007 $1,125,000 6 4 -- 5,402 Sq. Ft
1503 W Adams, Los Angeles, CA, 90007 $1,125,000 6 4 3,088 5,402 Sq. Ft
1497 W 27th, Los Angeles, CA, 90007 $1,100,000 5 3 -- 7,021 Sq. Ft
2631 Juliet Street, Los Angeles, CA, 90007 $499,000 2 2 -- 2,938 Sq. Ft
2220 Raymond, Los Angeles, CA, 90007 $2,000,000 8 4 -- 6,752 Sq. Ft

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 10/10/2026 @ 03:16

MLS: 26996719 LISTED BY: Davis Saadian, Keller Williams Hollywood Hills 310-623-1300 SOURCE: CRMLS

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