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1597 W 37th St
Los Angeles, CA 90018 South Central LA

$3,650,000 USD

Apartments For Sale • 9,881 SF

Property Details

Property Type Apartments
Total Building Size 9,881 SF
Lot Size 0.13 AC
Building Class B
Year Built 2024
Zoning LAR2

60 Transit Score

75 Walk Score

                
                    Highlights
                
                                2024 construction – 27 beds/27 baths, all private en-suites; ideal for student housing, co-living, or transitional use.
                            
                                Strong returns – $3.65M ($135K/door) with a 6.69% cap rate, priced below replacement cost.
                            
                                Seller financing – 50% down, 3% interest-only for 3 years.
                            
                                Modern finishes – Open kitchens, in-unit laundry, 10’ ceilings, fully furnished bedrooms.
                            
                                Efficient design – Washer/dryer on each floor; flexible leasing: by bed, room, or program-based.
                            
                                Prime location – Near USC, Metro E Line, LA Coliseum, BMO Stadium, Science Center & future Lucas Museum.

Property Flyers

1597 W. 37th St. Financial Analysis.xlsx

Amenities

24 Hour Access
Air Conditioning
Balcony
Controlled Access
Dishwasher
Laundry Facilities
Tenant Controlled HVAC
Washer/Dryer
Heating
Walking/Biking Trails
Kitchen
Oven
Range
Tub/Shower
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	13 min	-	6.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	15 min	-	6.7 mi
Transit/Subway	Drive	Walk	Distance
Expo/Western (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	7 min	0.4 mi
Expo/Vermont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Los Angeles International	21 min	-	9.9 mi
Bob Hope	30 min	-	14.9 mi
Long Beach (Daugherty Field)	31 min	-	21.5 mi

Adam Shamooelian 310-658-2668 KW Commercial Beverly Hills

1597 W 37th St Los Angeles, CA 90018 South Central LA