Listing provided courtesy of Remax Commercial and Investment Realty- MLS# 26673035MLS Provider

1625 W 37th PlLos Angeles, CA 90018

Multi-Family · 8,036 Sq. ft. | 0.14 Acres
$3,998,888 Active

1625 W 37th Pl Overview

Time on Site:
84 days
Visits:
0

Presenting an exceptional opportunity to acquire a brand-new, purpose-built apartment building located at 1625 W 37th Pl, Los Angeles, CA. Thoughtfully designed for long-term durability and high tenant demand, this modern property offers 28 bedrooms with private en-suite bathrooms across three expansive units, each crafted with designer finishes and high-quality construction standards.Situated just minutes from USC and steps from the Metro Expo Line (in addition to other public transportation options), the building is ideally positioned to attract students, young professionals, and the growing co-living market. Each unit features a spacious community living room, generous kitchen, and substantial storage, providing an elevated living experience tailored to shared housing needs.With no rent control restrictions due to its new-construction status, investors benefit from full operational flexibility and the ability to maximize income from day one. At the asking price, the asset delivers strong cash flow with a cap rate exceeding 7.5%, making it a high-yield opportunity priced below current market alternatives. The Certificate of Occupancy was issued and dated February 2026.This is a rare chance to secure a high-performing, well-located, and newly built asset in one of Los Angeles' most resilient rental corridors.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1625 W 37th Pl Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,036
  • Price/Sq.ft. $498
  • Lot 0.14 Acres

Details

General

Income/Expenses

  • Gross Income: 453600
  • Net Operating Income: 306023.00

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Los Angeles Southwest

Tax Information

  • Tax Assessed Value: 1150000

General Information

  • Disclosures: None
  • Property Type: Residential Income
  • Zoning: LAR2

Interior

Beds/Baths

  • Bathrooms Total: 28.00
  • Bedrooms Total: 0

General Information

  • Cooling: Central
  • Flooring: Hardwood
  • Heating: Central
  • Levels: Three Or More
  • Living Area: 8036
  • Living Area Source: Other
  • Stories: 3

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Lot Size Acres: 0.1376
  • Lot Size Area: 6000
  • Lot Size Source: Other
  • Number Of Buildings: 1

General Information

  • Number Of Units Total: 28
  • Other Structures: None

1625 W 37th Pl Neighborhood

Community

90018 (Los Angeles) Demographics

34
Median Age
18,110
Population Density (per sq. mile)
28%
College Educated
$49,644
Estimated Median Income
5,106
Estimated Total Home Owners
11,528
Estimated Total Renters
31% / 69%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1625 W 37th Pl Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1625 W 37th Pl Market Data

Based on the last 30 days in this zip code

$1,122,559
Average List Price
$592
Average Price per Square Foot
14
Properties Sold
82
Average Days on Market
172
Properties for Sale
Calculations provided by Reliance Network

1625 W 37th Pl History

Date Event Value Agent
4/7/2026Source: CRMLS Price Reduction
$3,998,888 -0.0%
4/7/2026Source: TheMLS (CLAW) Price Reduction
$3,998,888 -0.0%
4/6/2026Source: CRMLS Added to Database
April 06, 2026
4/6/2026Source: TheMLS (CLAW) Added to Database
April 06, 2026
10/28/2023Source: CRMLS Status Change
Closed
10/27/2023Source: CRMLS Status Change
Active Under Contract
10/10/2023Source: CRMLS Added to Database
October 10, 2023
Cookie Button: