$1,250,000

1637 W 37th Street, Los Angeles, CA 90018

4 beds |
2 baths |
1,589 sqft

Single-Family Home
Built in 1924
6,813sqft lot
2 car garage
$787/sqft
Listed 10 days ago

Property Description

Rare offering just minutes from the University of Southern California (USC)! This property is being delivered RTI (Ready-To-Issue) with fully approved plans for a new 3-story duplex plus an attached ADU. Altogether, the project is designed to create 31 suites — each with a private bedroom and bathroom, complemented by expansive kitchens and large common areas, perfect for modern co-living or student housing. Currently, the lot features a single-family residence in livable condition, allowing flexibility for immediate rental income while preparing for construction. The thoughtfully designed plans maximize the site’s potential under R2 zoning, providing investors and developers with a rare opportunity to bring a high-demand housing product to the USC area. Key Highlights: RTI approved for duplex + ADU, totaling 31 beds & 31 baths Prime location adjacent to USC – ideal for student housing Elimination of SB 8 and No Rent Stabilization Ordinance (RSO) for this property, offering greater freedom in rental strategy Delivered with complete drawings, engineering, and city approval for immediate build-out Current structure: single-family home in decent condition on site Close to major freeways, dining, shopping, and Downtown Los Angeles This is a turnkey development opportunity with all the heavy lifting already completed. The seller has invested significant time and resources to secure approvals, making this a unique chance for developers, investors, and builders seeking high returns in a supply-constrained market.

Listing Status:: Active
Date Added:: March 4, 2026
Data Last Updated:: March 13, 2026 at 10:17PM
Listing Office:: Wetrust Realty : 626-587-4866
Listing Agent:: ANITA LEE : 626-235-2695
MLS ID:: WS26047352

General: All Bedrooms Down
Laundry: In Garage
A/C: None
Heating: Central
Fireplace: None

Pool: None
Parking: Parking spaces: 2

General: 1

HOA Amenities: 0.0
Originating MLS: CRMLS_CRM
School District: Los Angeles Unified
County: Los Angeles

Zoning: 5041022024
View: None

Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM

This listing courtesy of ANITA LEE , Wetrust Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Bright Elementary School

1771 W 36th St, Los Angeles, CA, 90018

Grades KG-5

0.26 miles away

Foshay Learning Center

3751 S Harvard Blvd, Los Angeles, CA, 90018

Grades 6-12

0.14 miles away

Foshay Learning Center

3751 S Harvard Blvd, Los Angeles, CA, 90018

Grades 6-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.