1344 W 37th Place, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1344 W 37th Place,Los Angeles, CA 90007
$3,099,000
- 6 Beds
- - Baths
- 5,740 sq. ft.
- Multi-family
- Active
Listed by: benjamin lee
Office: lyon stahl investment real estate, inc.
MLS#:CL26656429
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$3,099,000
- Price per sq. ft.:$539.9
About this home
All conforming units + rare remaining ADU potential for new construction. Price reduced - Please contact the listing agents for more details and for updated rent roll. We are pleased to present 1344 W 37th Pl, a premier 2021-constructed student housing investment opportunity located just west of USC within the university's 24-hour DPS patrol zone. Purpose-built to capture the robust demand from USC's 46,000+ students, 65% of whom live off-campus, the property offers three units each with 6 bedrooms and 6 bathrooms. Each unit features high-end finishes, quartz countertops, stainless steel appliances, central HVAC, and in-unit laundry, and individually metered for all utilities: gas, electricity, & water. Each unit has only two floors and offers spacious open layouts, designed to promote maximum comfort for the students. The property is ideally situated within walking distance to University Park and near the Expo/Vermont Metro Station providing easy access to Downtown Los Angeles, Mid-City, and the Westside. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is fully occupied by USC students and offers a strong 7.95% current cap rate and 8.98 GIM with a monthly scheduled gross income of $28,764, allowing investors to maximize returns in one of Los Angeles' most stable rental submarkets. In addition to its strong fundamentals, the property qualifies for 100% bonus depreciation, creating a unique opportunity for investors to maximize early tax benefits through cost segregation. This combination of modern construction, durable student demand, and excellent operating fundamentals makes 1344 W 37th Pl ideal for any HNW individual or family office seeking a combination of yield, tax shelter, and long-term appreciations....
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Home facts
- Year built:2021
- Listing ID #:CL26656429
- Added:162 day(s) ago
- Updated:August 07, 2026 at 02:28 PM
Rooms and interior
- Bedrooms:6
- Living area:5,740 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2021
- Building area:5,740 sq. ft.
- Lot area:0.15 Acres
Finances and disclosures
- Price:$3,099,000
- Price per sq. ft.:$539.9
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:Smoke Detector(s)
Parking
- Parking description:Uncovered Parking Space
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