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1597 W 37th St
Los Angeles, CA 90018
Multifamily Property For Sale
·
27 Units
Investment Highlights
- 2025 ground-up new construction asset in the Exposition Park neighborhood of Los Angeles.
- Premium finishes throughout
- Totaling approximately 7,341 rentable square feet across three fully furnished units and 27 beds
- The property operates under a master lease guaranteeing full occupancy with 5% annual rent escalations, providing investors with immediate cash flow
Executive Summary
The Ben Lee Group is pleased to present 1597 W 37th Street, a 2025 ground-up new construction asset in the Exposition Park neighborhood of Los Angeles. Totaling approximately 7,341 rentable square feet across three fully furnished units and 27 beds — each with its own private bathroom — the property features premium finishes throughout — quartz countertops, stainless steel appliances, tiled showers with glass enclosures, new flooring, and in-unit washers and dryers — minimizing near-term capital requirements and maximizing tenant appeal.
Property Facts
| Price Per Unit | $151,281 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.04% | Building Size | 9,881 SF |
| No. Units | 27 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low-Rise | ||
| Zoning | LAR2 - restricted Density Multiple Dwelling | ||
| Price Per Unit | $151,281 CAD |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 9,881 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2024 |
| Zoning | LAR2 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 27 | - | 650 |
Property Taxes
| Parcel Number | 5041-021-013 | Improvements Assessment | $2,129,850 CAD |
| Land Assessment | $1,421,320 CAD | Total Assessment | $3,551,170 CAD |
Property Taxes
Parcel Number
5041-021-013
Land Assessment
$1,421,320 CAD
Improvements Assessment
$2,129,850 CAD
Total Assessment
$3,551,170 CAD
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