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Status: ACTIVE

1637 W 37th St 
Los Angeles, CA 90018

$1,250,000

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Rare offering just minutes from the University of Southern California (USC)! This property is being delivered RTI (Ready-To-Issue) with fully approved plans for a new 3-story duplex plus an attached ADU. Altogether, the project is designed to create 31 suites each with a private bedroom and bathroom, complemented by expansive kitchens and large common areas, perfect for modern co-living or student housing. Currently, the lot features a single-family residence in livable condition, allowing flexibility for immediate rental income while preparing for construction. The thoughtfully designed plans maximize the sites potential under R2 zoning, providing investors and developers with a rare opportunity to bring a high-demand housing product to the USC area. Key Highlights: RTI approved for duplex + ADU, totaling 31 beds & 31 baths Prime location adjacent to USC ideal for student housing Elimination of SB 8 and No Rent Stabilization Ordinance (RSO) for this property, offering greater freedom in rental strategy Delivered with complete drawings, engineering, and city approval for immediate build-out Current structure: single-family home in decent condition on site Close to major freeways, dining, shopping, and Downtown Los Angeles This is a turnkey development opportunity with all the heavy lifting already completed. The seller has invested significant time and resources to secure approvals, making this a unique chance for developers, investors, and builders seeking high returns in a supply-constrained market.
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Bedrooms
4
Baths
2
House Size
1,589 sqft
Year Built
1924
Lot Size
0.16 ac

Location

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Interior Information

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Property Information

community
Sidewalks
sewer
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water source
Public
  • Listed By ANITA LEE
  • anitahao@yahoo.com
  • (626) 587-4866
  • Wetrust Realty
  • (626) 587-4866
  • admin@wetrustrealty.com
  • MLS WS25234230

Monthly Payments Calculator

Estimated Monthly Cost

$7,928

30 year fixed·6.9% interest rate
Principal & Interest
$6,586
Property Taxes
$1,042
Home Insurance
$300
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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