1340 W 37th Street, Los Angeles, CA 90007

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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1340 W 37th Street,Los Angeles, CA 90007
$3,900,000
  • 20 Beds
  • 20 Baths
  • 7,867 sq. ft.
  • Multi-family
  • Active
Listed by:benjamin lee
Office:marcus & millichap
MLS#:25563791
Source:CRMLS

Price summary

  • Price:$3,900,000
  • Price per sq. ft.:$495.74

About this home

We are pleased to present The Commons @ 37th, a fully leased 20-bed student housing property located just west of USC within the 24-hour DPS patrol zone. Built in 2020 by a top student housing operator, the property features oversized bedrooms, in-unit laundry, large kitchens, and modern amenities including bi-weekly cleaning, WiFi, and covered utilities. Fully leased through the 2025/2026 academic year, the asset offers a 6.64% CAP rate and 10.05 GIM at the asking price. Its location offers walkable access to USC, USC Village, and the Expo/Vermont Metro Station. With no deferred maintenance and strong in-place income, this is a rare opportunity to acquire a passive, recession-resistant asset in one of LA's most stable submarkets. The property also qualifies for 100% bonus depreciation, offering investors a compelling combination of yield, tax shelter, and long-term upside

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Home facts

  • Year built:2020
  • Listing Id #:25563791
  • Added:46 day(s) ago
  • Updated:August 26, 2025 at 10:29 AM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:20
  • Living area:7,867 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:2020
  • Building area:7,867 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$3,900,000
  • Price per sq. ft.:$495.74
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