1571 & 1587 West 37th Street — Sale in Los Angeles, CA

  • Price: $8.8M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90018

Description

Two beautiful, identical, new-construction, 3-story co-living buildings near USC, only doors apart from one another. 25 Beds/25 Baths in each building, with a large kitchen on each floor. An exciting and unique Net Lease Opportunity (Master Lease) in a gentrifying location - Landlord ONLY pays for property taxes and insurance - Tenant/Lessee picks up ALL other expenses . These properties just received their Certificate of Occupancy and have been master leased for a 2 year + 2 year (option) term to an LA County non-profit, Special Services for Groups, Inc. 3.5% annual rent increases, too.

Market Context

This multifamily in Los Angeles, CA is listed for sale at $8,799,000. It has been on the market for 197 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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