1637 W 37th Street
Los Angeles, CA, 90018
$1,250,000
MLS: WS26047352
Beds
4
Baths
2
Sq Ft
1,589
Lot
0.16 ac
Year Built
1924
MLS #
WS26047352
Days on Market
1
Listed
Mar 4, 2026
Description
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 site’s 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.
Location
Los Angeles, Los Angeles County, CA 90018
Open on Google Maps ↗Listed by: ANITA LEE · Wetrust Realty
Payment estimate
$8,983
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $125,000 · Loan: $1,125,000
- Principal & Interest
- $6,912
- Property tax (1.25%)
- $1,302
- Homeowners insurance
- $300
- Mortgage insurance
- $469
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $43,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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