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    1597 W 37Th St Los Angeles, CA 90018

    New
    For Sale
    $3,350,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    7,693 SF
    Lot size:
    0.13 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 1597 W 37Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR2
    Rooms
    Bedroom 5, Bedroom 23, Bathroom 8, Bedroom 19, Bathroom 17, Bathroom 24, Bedroom 7, Bedroom 17, Bedroom 6, Bedroom 26, Bedroom 2, Bedroom 13, Bathroom 10, Bedroom 1, Bedroom 21, Bathroom 6, Bedroom 27, Bedroom 10, Bathroom 15, Bathroom 19, Bedroom 9, Bedroom 22, Bedroom 20, Bathroom 1, Bathroom 7, Bedroom 18, Bedroom 11, Bedroom 25, Bedroom 16, Bedroom 12, Bathroom 5, Bathroom 9, Bedroom 8, Bathroom 27, Bedroom 4, Bathroom 25, Bathroom 21, Bedroom 14, Bedroom 24, Bathroom 14, Bathroom 18, Bedroom 15, Bathroom 20, Bedroom 3, Bathroom 22, Bathroom 16, Bathroom 4, Bathroom 26, Bathroom 3, Bathroom 12, Bathroom 2, Bathroom 11, Bathroom 13, Bathroom 23
    Bedrooms
    27
    Bathrooms
    27
    APN
    5041-021-013
    Parking
    2
    Size
    7,693 SF
    Lot size
    0.13 Acres

    Building Details

    Year built
    1912
    Floors in Building
    3
    Number of units
    3

    KELLER WILLIAMS BEVERLY HILLS REALTY (310) 432-6400 [email protected]

    Listing agent Adam Shamooelian (310) 432-6400 License #02116849

    Listing date Dec 3, 2025

    MLS# 25622453 Listing URL

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Multifamily Property Near USC

    This new construction property, completed in 2024, is located west of USC. The building features 27 bedrooms and 27 bathrooms, each with a private en-suite. The property is suitable for student rentals, affordable housing, co-living, or transitional housing. The property delivers a projected cap rate of 7.70%. The building includes spacious open-concept kitchens, dining and living areas, in-unit laundry facilities, and 10-foot ceilings with modern finishes. The property comes furnished with appliances installed, and all bedrooms are fully furnished (living rooms excluded). Each floor is equipped with a washer and dryer. The property is located outside of the DPS patrol zone yet within close proximity to USC, the Expo/Vermont Metro E Line station, and cultural landmarks such as the LA Coliseum, BMO Stadium, California Science Center, and the upcoming Lucas Museum of Narrative Art. The property is 7693 square feet and sits on a lot of approximately 0.129 acres. The zoning is LAR2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.306107
    Latitude
    34.021243

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    FAQs

    What type of property is this?
    Apartment building - New construction with 27 bedrooms near USC and Metro.
    Where is this apartment building located?
    The property is located at 1597 W 37Th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: - Substantial $300,000 Price Reduction & Motivated Seller; - Attractive Seller Financing Available: 50% down, 3% interest-only for 3 years; - Brand-New Construction (2024): Enjoy modern amenities and minimal maintenance
    (310) 432-6400
    Request Owner's contact information
    1597 W 37Th St Los Angeles, CA 90018
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    Los Angeles, CA 90018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1597 W 37Th St Los Angeles, CA 90018
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