1340 W 37th Street, Los Angeles, CA 90007

Local realty services provided by:ERA North Orange County Real Estate
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1340 W 37th Street,Los Angeles, CA 90007
$3,900,000
  • 20 Beds
  • 20 Baths
  • 7,867 sq. ft.
  • Multi-family
  • Active
Listed by:benjamin lee
Office:marcus & millichap
MLS#:25563791
Source:CRMLS

Price summary

  • Price:$3,900,000
  • Price per sq. ft.:$495.74

About this home

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

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Home facts

  • Year built:2020
  • Listing Id #:25563791
  • Added:41 day(s) ago
  • Updated:August 21, 2025 at 01:30 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:20
  • Living area:7,867 sq. ft.

Heating and cooling

  • Heating:Central Furnace

Structure and exterior

  • Year built:2020
  • Building area:7,867 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$3,900,000
  • Price per sq. ft.:$495.74
Based on information from California Regional Multiple Listing Service, Inc. as of August 21, 2025 . 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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