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1572 West 37th Place, Los Angeles, CA 90018

$985K2bd · 1ba · 1,168 sqft
Lot 5,411 sqft•Single Family Residence•
Active
•311d on market•MLS# 00-25625859

Property Description

We are excited to offer a unique opportunity to acquire an opportunity to build a premier student housing development, just two blocks from the University of Southern California (USC). Situated at 1572 W. 37th Street, this project features 3 residential units totaling 25 bedrooms and 25 bathrooms across 5 distinct units. The project has RTI. The 3-story building design includes two residential units, with 17 bedrooms and 17 bathrooms. Additionally, there are two detached ADUs, each with 8 bedrooms and 8 bathrooms, totaling 8,590 square feet of rentable space. This project offers a streamlined construction process, allowing developers to reduce costs and accelerate completion. Purpose-built for co-living, every floor provides spacious common areas and each bedroom comes with its own private bathroom, ensuring tenant comfort and privacy. Beyond its student housing potential, this property offers flexibility, with the option to rent to affordable housing programs has potentially steady rental income. With its highly desirable location near USC, tenants will enjoy easy access to campus, University Village, and all the amenities that the area offers. Don't miss out on this opportunity contact the listing agent for further details! Please note that the buyer is responsible for conducting all due diligence regarding property conditions, zoning. SOLD AS IS. Buyer to verify all permits and records with city.

Features & Amenities

FeeBuilt 1915

Property Details

Land Type
Fee
Year Built
1915
Property Type
Residential
Property Subtype
Single Family Residence
Flooring
Laminate, Tile
City
Los Angeles
Zip Code
90018
County
Los Angeles
Listed byStanfles Realty, Jin Lee

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,980.70
Principal & Interest
Loan Amount
$788,000
Total Interest
$1,005,051
Total Payment Over 30 Years
$1,793,051
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

1572 West 37th Place, Los Angeles, CA 90018

Los Angeles · Single Family Residence

$985K
Affordable Tier
Beds
2
Baths
1
Sqft
1,168
Lot
5,411 sqft
Year
1915
$/Sqft
$843
Pool: No✓
Spa: No✓

Listed 10.5% below the median closed sale of $1,100,000. Closed comps sold at 100% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $985K· $843/sqft
Total list price
Closed comps
vs closed median $1.10M
−$115K (−10.5%)
Active comps
vs active median $950K
+$35K (+3.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,020
−$177 (−17.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
5065 AlhambraLos Angeles1925218862,608$559$495,0001885
3028 Ingledale TerraceLos Angeles1927218884,795$1,126$999,999284
1336 Edgecliffe DriveLos Angeles1923218837,327$1,529$1.35M1184
5326 Smiley DriveLos Angeles1924218724,802$1,089$950,00015682
5408 7th AvenueLos Angeles1920228756,078$799$699,000282
Total: 5 · Average2.01.2880.85,122$1,020.4$898,799.837.8
Median883$950,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
4424 Griffin AvenueLos Angeles192310/07/2026221,0086,238$1.07M$1.10M$1,0911.022588
4612 Saloma AvenueLos Angeles192710/08/2026221,1206,752$1.20M$1.15M$1,0270.964086
1308 56th StreetLos Angeles192310/07/2026219573,485$599,000$640,000$6691.076886
3517 Ellsworth StreetLos Angeles193110/06/2026211,0133,544$975,000$985,000$9721.0111485
5124 Mullen AvenueLos Angeles192510/06/2026221,3366,403$1.23M$1.19M$8870.978284
Total: 5 · Average2.01.61,086.85,284.4$1.01M$1.01M$929.2—65.8
Median1,013$1.10M$1.10M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.