RTI Student Housing
For Sale
$2,975,000
1177 W 37th Place, Los Angeles, CA 90007
Fully entitled, ready-to-issue student housing development with seven units plus a multi-level ADU.
Property Size19,900 SF
Price / SF$149.50
Days on Market42
Property Features for 1177 W 37th Place
General Information
Standard status
Active
Size
19,900 SF
Property subtype
Multi-family
Additional Details
Asking Price
$2,975,000
Listing Agency:
Keller Williams Hollywood Hills
Listed By:
Davis Saadian
(714) 497-3550
Source:
Sevengables
Added: Jun 21
Changed: Jul 31
Last Checked: Jul 31 at 6:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Hollywood Hills
Investment Insights
Based on property information with market context.
1177 W. 37th Place is a fully entitled, ready-to-issue (RTI) ground-up student housing development. The approved plans call for a five-story, 19,900 GSF building with four levels of Type V-A residential over a Type I-A podium, with ground-level parking and a residential lobby. The program includes seven residential units plus a multi-level ADU for eight total units, configured for a rent-by-the-bedroom student-housing model.
The unit mix is approved for 46 bedrooms and 39 bathrooms. The building is fully sprinklered (NFPA-13) and features a rooftop open space. The project also contemplates diversified revenue sources, including on-site parking income and a low-income housing subsidy component.
Entitled and permitted work is complete, positioning an incoming buyer to pull permits and break ground. A stabilized basis of a 6.0% cap (12.1x GRM) is projected at stabilization.
The unit mix is approved for 46 bedrooms and 39 bathrooms. The building is fully sprinklered (NFPA-13) and features a rooftop open space. The project also contemplates diversified revenue sources, including on-site parking income and a low-income housing subsidy component.
Entitled and permitted work is complete, positioning an incoming buyer to pull permits and break ground. A stabilized basis of a 6.0% cap (12.1x GRM) is projected at stabilization.
Key Highlights
- Fully entitled, ready‑to‑issue (RTI) student housing development
- Five‑story 19,900 GSF building with Type V‑A residential over Type I‑A podium
- Ground‑level parking plus residential lobby
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,199
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully entitled, ready-to-issue student housing development with seven units plus a multi-level ADU.
Where is this apartment building located?
The property is located at 1177 W 37th Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Fully entitled, ready‑to‑issue (RTI) student housing development; Five‑story 19,900 GSF building with Type V‑A residential over Type I‑A podium; Ground‑level parking plus residential lobby
