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1465 W 37th Place, Los Angeles, California 90018, Los Angeles, 90018 - 33 bed, bath

1465 W 37th Place, Los Angeles, California 90018 home-pic-0
ACTIVE$1,500,000
1465 W 37th Place, Los Angeles, California 90018
33Beds
0Bath
9,718Sqft
6,842Lot
Year Built
2025
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$154
HOA
-
Days on market
-
Sold On
-
MLS number
OC25133434
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(85th), sqft - 9718(92th), beds - 33(92th), baths - undefined(50th).

Ready-to-Build Student Housing approx 0.5 mile from USC. Exceptional development opportunity in the heart of University Park — just steps from USC’s main campus. Fully permitted and engineered for two separate 3-story wood-frame buildings, this site is ready for immediate construction. Ideal for developers, builders, or 1031-exchange buyers looking for turnkey student rental income. Highlights • Prime Location: walking distance to campus, dining, and transit. • Fully Approved Plans: Includes architectural, structural, permit-ready under LABC 2023 standards. No entitlement delays. • Maximized Rental Yield: Two detached buildings with ideal floor plans for co-living or roommate configurations. • Code-Compliant & Safe: Complete fire sprinkler system, seismic and wind-load engineering, modern drainage and LID plan. • Sustainable Site Design: Features permeable paving, artificial grass, energy-efficient light fixtures, and city-approved stormwater mitigation. • Investor-Ready Returns: Strong cap-rate area fueled by USC student demand. Options to refinance, hold, or sell as rentals or condos.

Nearby schools

3/10
Lenicia B. Weemes Elementary School
Public,•K-5•0.3mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.5mi
2/10
John W. Mack Elementary School
Public,•K-5•0.6mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.1mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.2mi
3/10
Normandie Avenue Elementary School
Public,•K-5•1.2mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.3mi
/10
Maple Primary Center
Public,•K-1•1.8mi
3/10
Trinity Street Elementary School
Public,•K-5•1.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
2/10
Audubon Middle School
Public,•6-8•1.7mi
5/10
Foshay Learning Center
Public,•K-12•0.3mi
3/10
Manual Arts Senior High School
Public,•9-12•1.0mi
4/10
West Adams Preparatory High School
Public,•9-12•1.5mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.2mi
5/10
Santee Education Complex
Public,•9-12•2.4mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.0mi

Price History

Date
Event
Price
06/13/25
Listing
$1,500,000
05/31/24
Sold
$950,000
Condition Rating
Excellent
This property is a 'Ready-to-Build' development opportunity with a projected build year of 2025. The listing explicitly states fully approved plans for two new 3-story buildings, designed to be modern, code-compliant, and energy-efficient. Upon completion, all components, including kitchens, bathrooms, and major systems, will be brand new and meet current quality standards, fitting the 'Excellent' condition criteria for a newly constructed property.
Pros & Cons

Pros

Prime Location for Student Housing: Strategically located approximately 0.5 mile from USC's main campus, offering walking distance access to the university, dining, and public transit, which is highly desirable for student tenants.
Shovel-Ready Development: The site comes with fully approved and permit-ready architectural and structural plans for two 3-story buildings, eliminating significant entitlement delays and allowing for immediate construction.
High Income Potential: Designed for maximized rental yield with 33 beds across two detached buildings, catering to strong USC student demand in a high cap-rate area, ideal for co-living configurations.
Modern & Code-Compliant Design: Plans include a complete fire sprinkler system, seismic and wind-load engineering, and modern drainage, ensuring a safe, durable, and up-to-date structure meeting LABC 2023 standards.
Sustainable Site Features: Incorporates modern sustainable elements such as permeable paving, artificial grass, energy-efficient light fixtures, and city-approved stormwater mitigation, appealing to contemporary standards and potentially reducing operating costs.

Cons

Requires Significant Construction Investment: The property is a 'ready-to-build' site, meaning the buyer must incur substantial construction costs beyond the purchase price to realize the projected rental income.
No Immediate Income Generation: As a development opportunity, the property will not generate rental income until construction is completed and units are leased, leading to carrying costs during the development phase.
Market Niche Dependency: The investment's success is heavily reliant on the continued strong demand from USC students, making it susceptible to potential fluctuations in university enrollment, housing policies, or local competition.

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