1597 W 37th Street, Los Angeles, CA 90018

Massive $300,000 price reduction! Motivated seller, bring all offers! We are pleased to present a rare investment opportunity: a brand-new ground-up construction property completed in 2024, located just west of USC at 1597 W. 37th Street. This thoughtfully designed asset features 27 bedrooms and 27 bathrooms, each with a private en-suite, offering versatility for multiple housing strategies including student rentals, affordable housing, co-living, or transitional housing. Offered at $3,350,000 ($124,074 per bedroom), the property delivers a projected cap rate of 7.70%, providing both immediate cash flow and long-term upside. Priced well below today's replacement cost, a basis that would be nearly impossible to replicate with current construction costs. This opportunity is further enhanced by favorable seller financing: 50% down with a 3% interest-only loan for 3 years! Designed with tenant comfort and operational efficiency in mind, the building includes spacious open-concept … read more …