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.
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.
Property Details
Price:
$1,500,000
MLS #:
OC25133434
Status:
Active
Beds:
33
Baths:
0
Type:
Single Family
Subtype:
Duplex
Neighborhood:
c34
Listed Date:
Jun 13, 2025
Finished Sq Ft:
9,718
Lot Size:
6,842 sqft / 0.16 acres (approx)
Year Built:
2025
See this Listing
Schools
School District:
Los Angeles Unified
Interior
Cooling
CA
Laundry Features
AR
Exterior
Community Features
BIKI
Parking Spots
4
Financial
Map
Community
- AddressW 37th PL Lot 23 Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
Subdivisions in Los Angeles
- 1788
- 6525 La Mirada
- 6790
- Adams-Normandie
- Angeleno Heights
- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
- Athens Subdivision
- Avalon Gardens
- Baldwin Hills
- Beachwood Canyon Estates
- Bel Air Crest
- Bel Air Park
- Brentwood Country Estates
- Bronson Homes
- Crestwood Hills
- Ela Hills Tr
- Gramercy Park
- Harvard Heights
- Higgins Building
- Highland Park Extension
- Kentwood
- LA PALOMA ADD
- LaBrea Vista
- Lake Hollywood Estates
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Metropolis Prop
- Metropolis Tower 1
- Mid-City Heights
- Montecito Heights
- MountainGate Country Club / The Ridge
- Mulholland Corridor
- Nelavida
- Not Applicable – 1007242
- Not Applicable-105
- Other – 0011
- OTHR
- Pickford 4
- Rampart Heights
- Sunset Terrace
- Tapestry
- The Los Feliz Oaks Neighborhood
- The Ritz Carlton Residences Los Angeles
- TRACT #8330 LOT 59
- Tract No 3643 / Hollywood Hills East
- TRACT NO. 9741
- University Heights
- W Hollywood Residences
- West Adams
- West Hollywood West
- Wisendanger\’s Prospect Park Addition
Market Summary
Current real estate data for Single Family in Los Angeles as of Nov 04, 2025
2,100
Single Family Listed
59
Avg DOM
1,012
Avg $ / SqFt
$2,040,388
Avg List Price
Property Summary
- W 37th PL Lot 23 Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90018. It is listed for $1,500,000 and features 33 beds, 0 baths, and has approximately 9,718 square feet of living space, and was originally constructed in 2025. The current price per square foot is $154. The average price per square foot for Single Family listings in Los Angeles is $1,012. The average listing price for Single Family in Los Angeles is $2,040,388.
Similar Listings Nearby
Courtesy of Spectrum Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.W 37th PL Lot 23
Los Angeles, CA