1597 W 37th Street, Los Angeles, CA 90018

• 27 beds
• 7,341 sqft

Property Description

We are pleased to present 1597 W 37th Street, a 2025 ground-up new construction asset in the Exposition Park neighborhood of Los Angeles, located just west of USC. Totaling approximately 7,341 rentable square feet across three fully furnished units and 27 beds, each with its own private en-suite bathroom, the property offers exceptional versatility across multiple housing strategies, including student rentals, co-living, affordable housing, or program-based and transitional housing. The asset features premium finishes throughout, including quartz countertops, stainless steel appliances, tiled showers with glass enclosures, new flooring, and in-unit washers and dryers, minimizing near-term capital requirements and maximizing tenant appeal. At just $395 per square foot, the acquisition basis represents a significant discount to current replacement cost for comparable new construction in Los Angeles, a basis that would be nearly impossible to replicate at today's construction costs. This pricing dynamic creates a structural competitive advantage. New entrants cannot deliver a comparable asset at a lower cost basis, effectively limiting the threat of supply-driven rent compression. For investors, this translates to a more defensible asset value and greater long-term income stability. The property operates under a master lease guaranteeing full occupancy with 5% annual rent escalations, providing investors with immediate, structured cash flow and no day-to-day management obligations. Under the lease structure, the tenant assumes responsibility for utilities, maintenance, and property operations, significantly reducing landlord exposure and delivering a more predictable, low-touch income stream. In-place rents are further supported by meaningful upside to market, offering investors a clear path to enhanced yields upon lease maturity. Strategically located with direct access to the Expo/Western Metro Station, the property provides tenants connectivity to Downtown, Mid-City, and the Westside, and sits within close proximity to USC and cultural landmarks including the LA Coliseum, BMO Stadium, the California Science Center, and the upcoming Lucas Museum of Narrative Art, positioning it to serve a broad tenant base. Beyond its strong in-place cash flow, the property offers compelling tax advantages, with potential eligibility for 100% bonus depreciation under current legislation. Prospective investors are encouraged to consult the listing agents regarding a cost seg

Listing Status:

Active

Date Added:

June 29, 2026

Data Last Updated:

July 5, 2026 at 12:08AM

Listing Office:

Lyon Stahl Investment Real Estate, Inc. : 310-425-9838

Listing Agent:

Benjamin Lee : 347-579-3071

MLS ID:

CL26853569

Interior

• Laundry: DryerWasher
• Flooring: Wood
• A/C: Central Air
• Heating: Natural Gas

Exterior

• Parking: Parking spaces: 2

Location

• County: Los Angeles

Lot

• Zoning: LAR25041021013