1216 W 37th Place, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
1216 W 37th Place,Los Angeles, CA 90007
$15,495,000
  • 91 Beds
  • 40 Baths
  • 31,248 sq. ft.
  • Multi-family
  • Active
Listed by: davis saadian
Office: keller williams hollywood hills310-623-1300
MLS#:26913893
Source:CRMLS

Price summary

  • Price:$15,495,000
  • Price per sq. ft.:$495.87

About this home

We are pleased to present The 37th Place Portfolio, a rare opportunity to acquire a five-building, 36-unit, 91-bedroom USC student housing portfolio located within the highly desirable Department of Public Safety (DPS) Patrol Zone, approximately one block west of the USC campus. The portfolio is currently 100% leased for the 20262027 academic year and generates $106,607 in monthly gross income, representing $1,279,284 in scheduled annual income. At the offering price, the portfolio provides an attractive 6.5% current cap rate and a 12x current gross rent multiplier. These strong in-place operating metrics offer investors immediate cash flow from a stabilized student housing portfolio in one of Southern California's most supply-constrained rental markets. Approximately $2.5 million has been invested in capital improvements throughout the portfolio. The entire portfolio has been extensively renovated with improvements that include updated kitchens, bathrooms and bedrooms; copper...

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Home facts

  • Year built:1959
  • Listing ID #:26913893
  • Added:51 day(s) ago
  • Updated:September 19, 2026 at 01:24 PM

Rooms and interior

  • Bedrooms:91
  • Total bathrooms:40
  • Flooring:Tile
  • Kitchen Description:Dishwasher, Refrigerator, Washer
  • Living area:31,248 sq. ft.

Heating and cooling

  • Cooling:Electric, Heat Pump
  • Heating:Electric, Heat Pump

Structure and exterior

  • Year built:1959
  • Building area:31,248 sq. ft.
  • Lot area:0.78 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$15,495,000
  • Price per sq. ft.:$495.87

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Carbon Monoxide Detectors, Ceiling Fans, Fire Detection System, Security Gate, Smoke Detectors

Parking

  • Total parking spaces:32
  • Parking description:Gated, Private
Based on information from California Regional Multiple Listing Service, Inc. as of October 21, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 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.

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