1234 W 37th Drive, Los Angeles, CA 90007
Local realty services provided by:ERA Excel Realty
1234 W 37th Drive,Los Angeles, CA 90007
$1,180,000
- - Beds
- - Baths
- 1,450 sq. ft.
- Single family
- Active
Listed by:handoko chen
Office:growth investment group pasade
MLS#:AR25197309
Source:CRMLS
Price summary
- Price:$1,180,000
- Price per sq. ft.:$813.79
About this home
MAKE SURE TO DOWNLOAD SUPPLEMENTAL OM.
5 Bedroom USC Student Housing a block away from USC and within USC Patrol Zone. Consistent and High Demand for Student Housing, nearby many New Student Housing Constructions, Higher Density RD2 Zoning. Located just one block from the University of Southern California (USC) and within USC Patrol Zone, this rare asset is a 5 bedroom + 4.5-bathroom single-family residence (SFR) that has served as reliable student housing for decades. With its superior student housing location, this investment offers a safe and stable student housing investment with guaranteed demand from USC students/alumni.
The property is a single-family house that features 1,450 sq ft of living space on a 3,879 sq ft lot (zoned RD2). Built in 1909 and recently renovated, this property features modern amenities including hardwood floors throughout, A/C units and ceiling fans in every bedroom, an in-unit washer/dryer and gated parking for up to 4-5 vehicles – ideal for student tenants seeking convenience and comfort. The owner just completed additions of 2 bathrooms to the property and the house is currently listed for rent at $6,300 per month.
Each bedroom has a thorough-the-wall A/C, ceiling fans, and wall heating. 2 bedrooms have a jack-and-jill bathroom, and 2 bedrooms have en-suite bathroom (shower stall). The kitchen has been updated with granite countertop, has 2 refrigerators, a gas stove, and a microwave.
This property is situated within the USC Patrol Zone, providing enhanced safety and security - a MAJOR selling point to both students and parents. The proximity to the campus, local dining, public transportation, and entertainment options make it highly desirable for student tenants. This area historically maintains high occupancy rates and rental demand, even during market fluctuations.
At a 4.95% CAP rate, this property delivers stable cash flow and predictable returns. As an established student housing asset this SFR benefits from decades of operational history, ensuring low vacancy rates and steady cash flow in a neighborhood undergoing transformation with modern developments. Given the strong demand and limited nearby supply of multi-bedroom rentals, there is potential for rental growth and increased property appreciation over time, enhancing total return on investment.
Contact an agent
Home facts
- Year built:1909
- Listing ID #:AR25197309
- Added:13 day(s) ago
- Updated:September 16, 2025 at 01:37 PM
Rooms and interior
- Living area:1,450 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Roof:Asbestos Shingle
- Year built:1909
- Building area:1,450 sq. ft.
- Lot area:0.09 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,180,000
- Price per sq. ft.:$813.79
- Tax amount:$13,867
New listings near 1234 W 37th Drive
- New$495,000Active3 beds 2 baths1,240 sq. ft.
12330 Osborne #91, Pacoima, CA 91331
MLS# SR25217675Listed by: BLVD ESTATE PROPERTIES - New$32,500,000Active5 beds 7 baths11,179 sq. ft.
9265 Robin Drive, Los Angeles, CA 90069
MLS# 25586149Listed by: WESTSIDE ESTATE AGENCY INC. - New$735,000Active3 beds 2 baths1,380 sq. ft.
1401 S St Andrews Place #201, Los Angeles, CA 90019
MLS# 25591241Listed by: KELLER WILLIAMS LARCHMONT - New$2,375,000Active3 beds 2 baths2,171 sq. ft.
6451 Maryland Drive, Los Angeles, CA 90048
MLS# 25591539Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SOCAL - New$3,250,000Active16 beds 16 baths5,502 sq. ft.
1269 W 36th Street, Los Angeles, CA 90007
MLS# 25591791Listed by: KELLER WILLIAMS BEVERLY HILLS - New$995,000Active2 beds 3 baths1,289 sq. ft.
1540 S Bentley Avenue #402, Los Angeles, CA 90025
MLS# 25591797Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SOCAL - New$1,099,000Active10 beds 6 baths3,720 sq. ft.
126 S Vendome Street, Los Angeles, CA 90057
MLS# 25592345Listed by: EXP REALTY OF GREATER LOS ANGELES - New$1,050,000Active2 beds 3 baths1,960 sq. ft.
14570 Benefit Street #202, Sherman Oaks, CA 91403
MLS# 25592465Listed by: COLDWELL BANKER REALTY - Open Sat, 12 to 3pmNew$850,000Active3 beds 3 baths1,534 sq. ft.
5115 Kester Avenue #14, Sherman Oaks, CA 91403
MLS# 25592485Listed by: COMPASS - New$695,000Active2 beds 2 baths1,459 sq. ft.
10787 Wilshire Boulevard #702, Los Angeles, CA 90024
MLS# 25592627Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES