1287 W 37th Place, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1287 W 37th Place,Los Angeles, CA 90007
$3,250,000
  • 20 Beds
  • 11 Baths
  • 7,162 sq. ft.
  • Multi-family
  • Active
Listed by: davis saadian
Office: keller williams hollywood hills310-623-1300
MLS#:26914391
Source:CRMLS

Price summary

  • Price:$3,250,000
  • Price per sq. ft.:$453.78

About this home

We are pleased to present "The Bryce", a 9-unit, 20-bedroom student housing apartment complex located within the highly desirable Department of Public Safety (DPS) Patrol Zone, approximately one block West of the USC campus & Village. Built in 1965, the property sits on a 6,970 square foot lot with approximately 7,162 square feet of building area and offers 9 gated on-site parking spaces. The property is currently 100% leased and generates $25,000/month of gross income, comprised of $24,850 in scheduled rental income plus approximately $150 in laundry income, representing $300,000 in scheduled annual income. At the offering price, the investment provides an attractive 7.5% current cap rate and a 10.9x current gross rent multiplier (GRM). Approximately $500,000 has been invested in capital improvements for this property. The entire property has been extensively renovated with improvements that include updated kitchens, bathrooms and bedrooms; copper plumbing upgrades; electrical system...

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Home facts

  • Year built:1965
  • Listing ID #:26914391
  • Added:28 day(s) ago
  • Updated:September 28, 2026 at 12:21 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:11
  • Kitchen Description:Disposal, Refrigerator
  • Living area:7,162 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Electric, Heat Pump

Structure and exterior

  • Year built:1965
  • Building area:7,162 sq. ft.
  • Lot area:0.16 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,250,000
  • Price per sq. ft.:$453.78

Features and amenities

  • Appliances:Disposal, Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:9
  • Parking description:Gated, Private
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