1216 W 37th Place, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:ERA Excel Realty
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:6 day(s) ago
  • Updated:September 06, 2026 at 11:02 AM

Rooms and interior

  • Bedrooms:91
  • Total bathrooms:40
  • Flooring:Tile
  • Kitchen Description:Dishwasher, Disposal, Refrigerator
  • 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, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Carbon Monoxide (CO2) Detector, Ceiling Fans

Parking

  • Total parking spaces:32
  • Parking description:Gated, Private
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