Property listed by Remax Commercial and Investment Realty, Enrique Viramontes 213-817-1000
$3,998,888
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… Read More 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. Read Less
Listing Snapshot
Days Online
87
Last Updated
Square Ft.
8,036
Lot Size
0.14 Acres
MLS Number
26673035
Additional Details
Appliances & Equipment
Dishwasher
Building
Living area: 8036.0, 1 building, 3 stories, Levels: ThreeOrMore
Cooling
CentralAir
Floors
Wood
Heating
Central
Income
Gross Income: $453,600, Net Operating Income: $306,023
Lot
0.1377 acres
Parking
None
Taxes
Parcel Number: 5041025021, Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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