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For sale
  • $3,998,888

    1625 W 37th Pl, Los Angeles, CA 90018

    --beds
    28baths
    8,036sqft
    : 
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    Multi Family
    Built in ----
    -- sqft lot
    $3,864,600 Zestimate®
    $498/sqft
    $-- HOA

    What's special

    Designer finishesGenerous kitchenSubstantial storageThree expansive units
    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.
    107 days
    |
    16
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    6
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    Zillow last checked:

    Listing updated:

    Listed by:

    Enrique Viramontes DRE # 01372010 213-233-4363,

    Remax Commercial and Investment Realty 213-817-1000

    Source: CLAW,MLS#: 26673035MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 28
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher
      Features
      • Flooring: Hardwood
      Interior area
      • Total structure area: 8,036
      • Total interior livable area: 8,036 sqft

      Property

      Parking
      • Parking features: None
      Features
      • Levels: Three Or More
      • Stories: 3
      Lot
      • Size: 5,993 Square Feet
      Details
      • Additional structures: None
      • Parcel number: 5041025021
      • Zoning: LAR2
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family

      Utilities & green energy

      Green energy
      • Energy generation: Solar

      Community & HOA

      Location
      • Region: Los Angeles

      Financial & listing details

      • Price per square foot: $498/sqft
      • Tax assessed value: $1,150,000
      • Annual tax amount: $13,719
      • Date on market: 4/6/2026

        Estimated market value

        $3,864,600

        $3.67M - $4.06M

        $1,131/mo

        Price history

        DateEventPrice
        4/7/2026Listed for sale$3,998,888+247.7%$498/sqft
        Source: CLAW #26673035 Report a problem
        9/9/2024Sold$1,150,000+57.5%$143/sqft
        Source: Public Record Report a problem
        10/27/2023Sold$730,000+46.3%$91/sqft
        Source: CRMLS #P1-15341 Report a problem
        10/25/2023Contingent$499,000$62/sqft
        Source: CRMLS #P1-15341 Report a problem
        10/9/2023Listed for sale$499,000-68.4%$62/sqft
        Source: CRMLS #P1-15341 Report a problem
        9/11/2013Sold$1,580,000+0.9%$197/sqft
        Source: Public Record Report a problem
        6/27/2013Sold$1,566,015+201.7%$195/sqft
        Source: Public Record Report a problem
        5/6/2013Sold$519,000-54.7%$65/sqft
        Source: Public Record Report a problem
        6/29/2007Sold$1,145,000$142/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,719 +55.1%$1,150,000 +57.5%
        2024$8,848 +4246.8%$730,000 +7875.5%
        2023$204 +2.3%$9,153 +2%
        2022$199 +2.1%$8,974 +2%
        2021$195 -0.1%$8,799 +1%
        2020$195 $8,709 +2%
        2019$195 +20.9%$8,539 +2%
        2018$161 $8,372 +2%
        2017$161 +1.3%$8,208 +2%
        2016$159 +1.3%$8,048 +1.5%
        2015$157 -1.8%$7,928 +2%
        2014$160 $7,773 +2.5%
        2012-- $7,587 +2%
        2011-- $7,439 +0.7%
        2010-- $7,384 -0.2%
        2009-- $7,402 +2%
        2008-- $7,257 +2%
        2007-- $7,115 +2%
        2006-- $6,976
        2005-- $6,976 +4%
        2004-- $6,706 +1.9%
        2003-- $6,584 +2%
        2002-- $6,455 +4%
        2000-- $6,205
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: South Los Angeles

        Getting around

        78 / 100
        Very Walkable
        60 / 100
        Good Transit
        80 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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