1572 W 37th Place, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 1 bath

1572 W 37th Place
Los Angeles, California 90018
Property Price
SUMMARY
Analysis of 1572 W 37th Place, Los Angeles, California 90018 reveals a property with a current list price of $985,000, which is 12% above the estimated $863,153 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location for Student Housing
Strategically located just two blocks from the University of Southern California (USC), offering exceptional demand for student housing.
- Ready-To-Issue (RTI) Permits
The project has RTI permits for a 25-bedroom, 25-bathroom development, significantly reducing development time and risk for the buyer.
- High-Density Development Potential
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.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 25.
- Sold As Is & Extensive Buyer Due Diligence
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.
- Significant Upfront Development Costs
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.
About 1572 W 37th Place
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1915
- Lot Size
- 5,411 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Birdielee V. Bright Elementary School
Grades K-5 • 0.4 mi
Lenicia B. Weemes Elementary School
Grades K-5 • 0.5 mi
Martin Luther King Jr. Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,168 | 1,504 | 19% |
| Lot Size | 5,411 | 5,805.5 | 38% |
| Price | $985.0K | $853.5K | 56% |
| Price per sq ft | $843 | $585 | 94% |
| Built year | 1915 | 1913 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 200 | 15% |
Pricing History
Listed for Sale
Dec 4, 2025
$985,000
Initial Listing
Sold
Mar 3, 2022
$800,000
Public Record
Sold
Dec 11, 2015
$335,000
Public Record
Sold
Jul 30, 2013
$275,000
Public Record
