1340 W 37th Street, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1340 W 37th Street,Los Angeles, CA 90007
$3,750,000
- 20 Beds
- - Baths
- 7,867 sq. ft.
- Multi-family
- Active
Listed by:benjamin lee
Office:marcus & millichap
MLS#:CL25563791
Source:CA_BRIDGEMLS
Price summary
- Price:$3,750,000
- Price per sq. ft.:$476.67
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 7.25% CAP rate and 9.86 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 #:CL25563791
- Added:91 day(s) ago
- Updated:October 10, 2025 at 02:49 PM
Rooms and interior
- Bedrooms: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:$3,750,000
- Price per sq. ft.:$476.67
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