1234 W 37th Drive, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1234 W 37th Drive,Los Angeles, CA 90007
$1,080,000
- - Beds
- - Baths
- 1,450 sq. ft.
- Single family
- Active
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR25197309
Source:CRMLS
Price summary
- Price:$1,080,000
- Price per sq. ft.:$744.83
About this home
MAKE SURE TO DOWNLOAD SUPPLEMENTAL OM.
5 Bedroom USC Student Housing a block away from USC and within USC Patrol Zone. Consistent and High Demand for Student Housing, nearby many New Student Housing Constructions, Higher Density RD2 Zoning. Located just one block from the University of Southern California (USC) and within USC Patrol Zone, this rare asset is a 5 bedroom + 4.5-bathroom single-family residence (SFR) that has served as reliable student housing for decades. With its superior student housing location, this investment offers a safe and stable student housing investment with guaranteed demand from USC students/alumni.
The property is a single-family house that features 1,450 sq ft of living space on a 3,879 sq ft lot (zoned RD2). Built in 1909 and recently renovated, this property features modern amenities including hardwood floors throughout, A/C units and ceiling fans in every bedroom, an in-unit washer/dryer and gated parking for up to 4-5 vehicles – ideal for student tenants seeking convenience and comfort. The owner just completed additions of 2 bathrooms to the property and the house is currently listed for rent at $6,300 per month.
Each bedroom has a thorough-the-wall A/C, ceiling fans, and wall heating. 2 bedrooms have a jack-and-jill bathroom, and 2 bedrooms have en-suite bathroom (shower stall). The kitchen has been updated with granite countertop, has 2 refrigerators, a gas stove, and a microwave.
This property is situated within the USC Patrol Zone, providing enhanced safety and security - a MAJOR selling point to both students and parents. The proximity to the campus, local dining, public transportation, and entertainment options make it highly desirable for student tenants. This area historically maintains high occupancy rates and rental demand, even during market fluctuations.
At a 4.95% CAP rate, this property delivers stable cash flow and predictable returns. As an established student housing asset this SFR benefits from decades of operational history, ensuring low vacancy rates and steady cash flow in a neighborhood undergoing transformation with modern developments. Given the strong demand and limited nearby supply of multi-bedroom rentals, there is potential for rental growth and increased property appreciation over time, enhancing total return on investment.
Contact an agent
Home facts
- Year built:1909
- Listing ID #:AR25197309
- Added:107 day(s) ago
- Updated:December 19, 2025 at 02:14 PM
Rooms and interior
- Living area:1,450 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Roof:Asbestos Shingle
- Year built:1909
- Building area:1,450 sq. ft.
- Lot area:0.09 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,080,000
- Price per sq. ft.:$744.83
- Tax amount:$13,867
New listings near 1234 W 37th Drive
- New
$1,299,999Active5 beds 3 baths2,800 sq. ft.16511 Halsey, Granada Hills, CA 91344
MLS# OC25278413Listed by: BALBOA REAL ESTATE, INC - New
$645,000Active4 beds 2 baths1,082 sq. ft.1046 N Bonnie Beach Place, Los Angeles, CA 90063
MLS# CRCV25278199Listed by: EHOMES - New
$900,000Active3 beds 1 baths860 sq. ft.4806 Pickford, Los Angeles, CA 90019
MLS# CRDW25278069Listed by: DOWNTOWN, REALTORS - New
$1,875,000Active5 beds 2 baths1,786 sq. ft.1321 Sanborn, Los Angeles, CA 90027
MLS# CRDW25278225Listed by: DOWNTOWN, REALTORS - New
$349,999Active1 beds 1 baths646 sq. ft.20930 Parthenia Street #216, Canoga Park (los Angeles), CA 91304
MLS# CRSR25277506Listed by: KELLER WILLIAMS REALTY CALABASAS - New
$994,950Active3 beds 2 baths1,796 sq. ft.16264 Kalisher Street, Granada Hills (los Angeles), CA 91344
MLS# CRSR25277851Listed by: RE/MAX ONE - New
$999,999Active4 beds 2 baths2,031 sq. ft.22022 Malden Street, West Hills (los Angeles), CA 91304
MLS# CRSR25278136Listed by: PARK REGENCY REALTY - New
$2,852,000Active4 beds 5 baths4,270 sq. ft.11900 Red Hawk Lane, Porter Ranch (los Angeles), CA 91326
MLS# CRSR25278333Listed by: TOLL BROTHERS, INC. - New
$1,349,000Active5 beds 2 baths1,798 sq. ft.5020 Aldama, Los Angeles, CA 90042
MLS# CRSR25278290Listed by: UNITED BUY REAL ESTATE - New
$875,000Active3 beds 2 baths1,703 sq. ft.19218 Schoolcraft, Reseda (los Angeles), CA 91335
MLS# CRSR25278307Listed by: PARK REGENCY REALTY