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1625 W 37th PlaceLos Angeles, CA 90018

For Sale

$3,998,888

Smart Buyer Rebate $39,989

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 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.

Listed by Enrique Viramontes

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License #01372010

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Remax Commercial and Investment Realty

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213-233-4363

Last updated April 11, 2026

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Source: CRMLS #26673035

Listing Facts

  • TypeMulti-family
  • NeighborhoodExposition Park
  • Days on Prevu28
  • Size8,036 sqft
  • Price per sqft$498

Amenities

  • Dishwasher
  • Air Conditioning

Location

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Listing History

04/07/2026
Price Decreased
$3,998,888
04/03/2026
Listed by Remax Commercial and Investment Realty
$3,999,000

Property Details for 1625 W 37th Place

Exterior

Construction

  • Number Of Units Total: 28
  • Stories Total: 3

Measurements

  • Building Area Total: 8,036
  • Lot Size Acres: 0.13
  • Lot Size Area: 6,000
  • Lot Size Source: Other
  • Lot Size Square Feet: 6,000
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.65
  • Gross Income: $453,600.00

Taxes

  • Parcel Number: 5041025021

Interior

Features

  • Appliances: Dishwasher
  • Flooring: Wood

Measurements

  • Living Area: 8,036
  • Living Area Source: Other

Rooms

  • Bathrooms Total Integer: 28

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1625 W 37th Place.

How does 1625 W 37th Place compare to other multi-family homes in Exposition Park?

This multi-family home is listed 115% above the average price for multi-family homes in Exposition Park and has been on the market for 85 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 8,036 sqft.

1625 W 37th Place is a -bedroom multi-family home for sale in Los Angeles CA 90018. Listed on Prevu for 28 days at $3,998,888. This includes a recent price decrease of $112. This property features 8,036 square feet of living space, located in Exposition Park. The median listing price for multi-family homes in this area is $1,200,000. Property amenities include dishwasher and air conditioning. Browse more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.