1375 W 37th Drive, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1375 W 37th Drive,Los Angeles, CA 90007
$1,425,000
  • 11 Beds
  • - Baths
  • 3,472 sq. ft.
  • Multi-family
  • Active
Listed by: adam shamooelian
Office: keller williams beverly hills
MLS#:CL26997821
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,425,000
  • Price per sq. ft.:$410.43

About this home

Welcome to 1375 W. 37th Drive, a high-performing student housing investment near the University of Southern California (USC), combining strong in-place income, a proven rental history, and additional upside. The property features 11 bedrooms and 6 bathrooms across two residences, along with 4 on-site parking spaces. The front residence is a renovated 4-bedroom, 2-bathroom home, while the rear 7-bedroom, 4-bathroom residence was built in 2018. Together, the two residences have been successfully operated as rent-by-the-room student housing, currently generating $12,255 per month and $147,060 annually, resulting in a 6.82% current cap rate. One of the property's strongest attributes is its rental track record, with total rental income increasing each of the past four years. The rent-by-the-room configuration has created a proven income stream while still offering additional upside through future rental growth and optimization of the existing bedroom configuration. Additionally, the...

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Home facts

  • Year built:2018
  • Listing ID #:CL26997821
  • Added:1 day(s) ago
  • Updated:October 09, 2026 at 03:07 PM

Rooms and interior

  • Bedrooms:11
  • Living area:3,472 sq. ft.

Structure and exterior

  • Year built:2018
  • Building area:3,472 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$1,425,000
  • Price per sq. ft.:$410.43
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at October 9, 2026

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