1250 W 37th Street, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1250 W 37th Street,Los Angeles, CA 90007
$2,885,000
- 18 Beds
- 16 Baths
- 6,734 sq. ft.
- Multi-family
- Active
Listed by: davis saadian
Office: keller williams hollywood hills
MLS#:26671171
Source:CRMLS
Price summary
- Price:$2,885,000
- Price per sq. ft.:$428.42
About this home
We are proud to present the exclusive opportunity to acquire this beautifully updated, modern 9-unit, 18-bedroom student housing apartment complex located within the highly desirable DPS Patrol Zone, just a block from the University of Southern California (USC) & University Village. This turnkey investment has undergone approximately $400,000 in recent capital improvements, creating a high-quality, low-maintenance asset positioned for long-term stability. Upgrades include new hardwood and vinyl flooring throughout, modern kitchen and bathroom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, toilets, tubs, and tile finishes, and fresh interior and exterior paint. Major building systems have also been replaced or enhanced, including a new roof, new copper plumbing, dual-pane energy-efficient windows, a high-efficiency central water heater, and a complete sewer line replacement with PVC piping. Additional improvements include a secured entry gate for resident safety and the completed Los Angeles mandated earthquake retrofit, featuring foundation anchoring, shear wall reinforcement, and steel frame strengthening for full seismic compliance. Each unit features furnished bedrooms, stainless steel appliances, quartz countertops, and tiled showers with glass enclosures, showcasing modern finishes and thoughtful design throughout. The property is individually metered for gas, electricity, and water, reducing ownership expenses and improving efficiency. The building totals 6,734 rentable square feet on a 7,250-square-foot lot, consisting of (1) one-bedroom + one-bathroom unit, (1) three-bedroom + one-bathroom unit, and (7) two-bedroom + one-bathroom units. Each unit offers a spacious layout ideal for student tenants.The property is 100% occupied with USC students and fully leased for the 20252026 academic year, generating a gross income of $20,255 per month. With parental guarantees on leases and a consistent record of near 100% occupancy, the asset represents a low-risk, turnkey investment offering stable returns and strong operating fundamentals. Priced at a 6.75% cap rate and 12x GRM, this property delivers both dependable cash flow and long-term appreciation potential in one of Los Angeles' most sought-after rental markets. Additional amenities include on-site laundry facilities for supplemental income and secure gated access for enhanced resident safety. Email listing agent for the Executive Summary/ Financial Analysis....
Contact an agent
Home facts
- Year built:1964
- Listing ID #:26671171
- Added:1 day(s) ago
- Updated:April 01, 2026 at 03:28 PM
Rooms and interior
- Bedrooms:18
- Total bathrooms:16
- Flooring:Tile
- Kitchen Description:Dishwasher, Microwave, Refrigerator, Washer
- Living area:6,734 sq. ft.
Heating and cooling
- Cooling:Dual
- Heating:Combination
Structure and exterior
- Year built:1964
- Building area:6,734 sq. ft.
- Lot area:0.17 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,885,000
- Price per sq. ft.:$428.42
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Ceiling Fans
Parking
- Total parking spaces:6
- Parking description:Gated, Private
New listings near 1250 W 37th Street
- New
$939,000Active3 beds 3 baths1,938 sq. ft.783 Gatun Street #104, San Pedro, CA 90731
MLS# SB26067342Listed by: REALTY ONE GROUP UNITED - New
$12,800,000Active3 beds 4 baths3,210 sq. ft.8899 Beverly Boulevard #4A, Los Angeles, CA 90048
MLS# 26671829Listed by: THE AGENCY - Coming Soon
$1,649,000Coming Soon4 beds 4 baths7259 Glenhaven Court, West Hills, CA 91307
MLS# SR26068793Listed by: EQUITY UNION - New
$1,525,000Active4 beds 3 baths2,328 sq. ft.10940 Andora Avenue, Chatsworth, CA 91311
MLS# 26671005Listed by: REAL ESTATE SOURCE, INC. - New
$3,150,000Active-- beds -- baths7,030 sq. ft.11341 Victory Boulevard, North Hollywood, CA 91606
MLS# GD26069750Listed by: KELLER WILLIAMS R. E. SERVICES - New
$1,995,000Active3 beds 2 baths1,979 sq. ft.2502 Armstrong Avenue, Los Angeles, CA 90039
MLS# CL26669713Listed by: COMPASS - New
$1,170,000Active4 beds 2 baths2,000 sq. ft.6723 Bianca Avenue, Los Angeles, CA 91406
MLS# CL26671379Listed by: KELLER WILLIAMS REALTY CALABASAS - New
$625,000Active2 beds 2 baths976 sq. ft.1951 Malcolm Avenue #206, Los Angeles, CA 90025
MLS# CL26671499Listed by: COLDWELL BANKER REALTY - New
$4,750,000Active4 beds 6 baths4,488 sq. ft.2315 N Hobart Boulevard, Los Angeles, CA 90027
MLS# CL26671645Listed by: KELLER WILLIAMS LARCHMONT