1572 W 37th Place, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 1 bath
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Los Angeles, California 90018
Developers or Student Housing Investors looking to capitalize on the area's intense rental demand.
* *Word count*: 98 words. Perfect.
* *Wait, I should check if I should mention the "Zoning" or "R2"*. The description mentions "zoning" but doesn't specify the code. I'll stick to "RTI Permits".
* *Wait, I should check if I should mention the "comparative properties"*. The comps sold for $715k (fixer) and $725k (active). This supports the FMV of ~$728k for the *current* structure, making the $985k price clearly about the permits.
* *Final check on the "SEO version"*: "RTI-permitted student housing development 2 blocks from USC. Build a 25-bed, 25-bath co-living complex in 90018. Prime Los Angeles value-add investment project." (158 chars).
* *Wait, the prompt says "SEO version: Maximum 160 characters, plain text only (no HTML tags), focus on key selling points"*. (Check).
* *Wait, the prompt says "Full version: Single compelling paragraph (80-100 words) with markdown bold formatting"*. (Check).
* *Wait, the prompt says
Property is land value only, full reconstruction required.
The property, built in 1915, is explicitly listed as a 'development opportunity' with Ready-To-Issue (RTI) permits for a new 25-bedroom student housing complex. The listing states 'SOLD AS IS' and emphasizes the buyer's responsibility for due diligence on property conditions, strongly indicating the existing 2-bed, 1-bath structure is not intended for continued use. The image shows an old, worn exterior consistent with a property whose value lies solely in the land and its redevelopment potential, aligning perfectly with the 'tear-down' criteria.
Strategically located just two blocks from the University of Southern California (USC), offering exceptional demand for student housing.
The project has RTI permits for a 25-bedroom, 25-bathroom development, significantly reducing development time and risk for the buyer.
Approved plans for 3 residential units totaling 25 bedrooms and 25 bathrooms across 5 distinct units (8,590 sqft) maximize the property's income-generating capacity.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 25.
The property is sold 'AS IS,' requiring the buyer to conduct all due diligence on property conditions and zoning, which may uncover unforeseen costs or issues.
While permits are in place, the construction of a 25-bedroom facility represents a substantial financial investment beyond the purchase price, which is not detailed.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 1,168 | 1,520 | 24% |
| Lot Size | 5,411 | 5,800 | 39% |
| Price | $985.0K | $875.0K | 57% |
| Price per sq ft | $843 | $594 | 90% |
| Built year | 1915 | 1914 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 139 | 181 | 39% |
Dec 4, 2025
$985,000
Initial Listing
Mar 3, 2022
$800,000
Public Record
Dec 11, 2015
$335,000
Public Record
Jul 30, 2013
$275,000
Public Record