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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 listing is for a 'Ready-to-Build' student housing project with a 'Year Built' of 2025. As such, the property, once constructed, will be brand new. The description highlights modern features, energy-efficient light fixtures, and compliance with current building codes, indicating that all components will be new and meet the highest quality standards, consistent with an 'Excellent' rating for a newly built 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 campus, dining, and transit, ensuring high demand from the student population.
Turnkey Development Opportunity: The site is fully permitted and engineered for two 3-story buildings, with architectural and structural plans ready under LABC 2023 standards, eliminating entitlement delays and allowing for immediate construction.
Maximized Rental Yield Potential: Designed with ideal floor plans for co-living or roommate configurations, catering specifically to student housing needs and promising strong cap-rate returns in a high-demand area.
Modern & Code-Compliant Design: Includes a complete fire sprinkler system, seismic and wind-load engineering, modern drainage, and sustainable site features (permeable paving, artificial grass, energy-efficient lighting), ensuring safety and efficiency.
High Capacity & Investor Flexibility: The development allows for 33 beds across two detached buildings, offering substantial rental income potential, with options for investors to refinance, hold, or sell as rentals or condos.

Cons

Requires Significant Construction Investment: As a 'ready-to-build' site, the property requires substantial capital outlay and time for construction before it can generate any income.
Niche Market Dependency: The investment's success is highly dependent on the specific dynamics of the USC student housing market, including enrollment trends, university policies, and local competition.
No Immediate Income Generation: The property currently generates no rental income, posing a holding cost and delayed return on investment until construction is complete and units are successfully leased.

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