1177 W 37th Pl, Los Angeles, CA 90007
MULTI_FAMILY - Los Angeles, CA
- Added:
- Jul 6, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 7 at 7:06 pm
Property Features for 1177 W 37th Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LARD1.5
- Bedrooms
- 46
- Bathrooms
- 39
- Rooms
- Bedroom 15, Bedroom 23, Bathroom 8, Bedroom 44, Bedroom 20, Bathroom 30, Bedroom 3, Bedroom 6, Bathroom 39, Bathroom 3, Bedroom 14, Bedroom 36, Bedroom 4, Bedroom 40, Bathroom 6, Bathroom 23, Bedroom 5, Bathroom 17, Bathroom 20, Bedroom 34, Bedroom 45, Bedroom 25, Bedroom 37, Bathroom 25, Bathroom 34, Bathroom 29, Bedroom 35, Bedroom 28, Bathroom 36, Bedroom 22, Bathroom 15, Bedroom 24, Bathroom 28, Bedroom 1, Bathroom 12, Bedroom 9, Bedroom 8, Bedroom 21, Bathroom 4, Bathroom 9, Bedroom 11, Bedroom 31, Bedroom 33, Bathroom 32, Bathroom 27, Bathroom 37, Bedroom 42, Bathroom 18, Bedroom 13, Bedroom 16, Bathroom 21, Bedroom 32, Bedroom 41, Bathroom 33, Bedroom 29, Bathroom 13, Bathroom 5, Bathroom 16, Bathroom 38, Bedroom 12, Bedroom 38, Bathroom 2, Bathroom 26, Bedroom 30, Bedroom 17, Bathroom 11, Bathroom 10, Bedroom 46, Bathroom 1, Bedroom 19, Bathroom 19, Bedroom 10, Bedroom 43, Bathroom 31, Bathroom 22, Bathroom 14, Bedroom 26, Bedroom 27, Bathroom 24, Bedroom 39, Bathroom 35, Bedroom 7, Bedroom 2, Bedroom 18, Bathroom 7
- Standard status
- Active
- APN
- 5040-031-033
- Size
- 19,900 SF
- Lot size
- 0.16 Acres
Building Details
- Floors in Building
- 5
- Number of units
- 8
- Architectural style
- Modern
Listing agent Davis Saadian License #01921748 (310) 402-8958
Listing office Keller Williams Hollywood Hills 9000 Sunset Blvd. Suite 1100, West Hollywood, CA (310) 623-1300
Listing date Jul 6, 2026
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully entitled RTI (ready‑to‑issue) ground‑up student housing development at 1177 W. 37th Place—permit‑in‑hand to begin construction.
- Approved plans for a five‑story 19,900 GSF building: four levels Type V‑A residential over a Type I‑A podium with ground‑level parking and lobby.
- Unit mix: seven residential units plus a multi‑level ADU (eight units total), purpose‑built for rent‑by‑the‑bedroom.
- Plan includes 46 bedrooms and 39 bathrooms, plus a rooftop open space.
- Building is fully sprinklered (NFPA‑13). On‑site parking is included for additional income.
- Projected stabilization: 46 beds leasing at approx. $1,500 per bed plus parking/subsidy income—approx. $860,400 gross income and $599,690 NOI; 6.0% cap (12.1x GRM).
Overview
The site is located in Los Angeles, CA 90007, approximately half a block from the University of Southern California. The property is described as shovel-ready at the entitlement finish line, with completed design, civil and structural engineering, construction documents, plans, permits, and city approvals.
For an incoming buyer, the practical path is to pull permits and begin construction at the finish line of the entitlement process. The approved layout supports a rent-by-the-bedroom student-housing model, and the project is noted to include an additional income stream through on-site parking income and a low-income housing subsidy component. Zoning is listed as LARD1.5. The offering materials reference an RTI developer acquisition of $2,975,000 and an estimated all-in basis of approximately $8.85M, with projected stabilized results of approximately $860,400 gross income and approximately $599,690 net operating income supporting a stabilized value referenced at $10,000,000.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.293909
- Latitude
- 34.020233
