CA > Los Angeles
Los Angeles, CA 90007,1340 W 37th St
Los Angeles, CA 90007,1340 W 37th St
Los Angeles, CA 90007,1340 W 37th St
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$3,900,000
Est. payment /mo
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2 Beds
2 Baths
7,867 SqFt
New

1340 W 37th St Los Angeles, CA 90007

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Gwendolyn Thomas

Gwendolyn Thomas

+1(702) 265-5005

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,867 sqft

Price per Sqft $495

MLS Listing ID 25563433

Bedrooms 2

Year Built 2020

Lot Size 6,820 Sqft

Acres 0.1566

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD2

Exterior

Garage Spaces 2.0

Building

Story 2

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Gwendolyn Thomas

Gwendolyn Thomas

Agent | RE.S.0186243

+1(702) 265-5005

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1340 W 37th St