1375 W 37th Drive, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1375 W 37th Drive,Los Angeles, CA 90007
$1,425,000
  • 11 Beds
  • 6 Baths
  • 3,472 sq. ft.
  • Multi-family
  • Active
Listed by: adam shamooelian
Office: keller williams beverly hills310-432-6400
MLS#:26997821
Source:CRMLS

Price summary

  • Price:$1,425,000
  • Price per sq. ft.:$410.43

About this home

Welcome to 1375 W. 37th Drive, a high-performing student housing investment near the University of Southern California (USC), combining strong in-place income, a proven rental history, and additional upside. The property features 11 bedrooms and 6 bathrooms across two residences, along with 4 on-site parking spaces. The front residence is a renovated 4-bedroom, 2-bathroom home, while the rear 7-bedroom, 4-bathroom residence was built in 2018. Together, the two residences have been successfully operated as rent-by-the-room student housing, currently generating $12,255 per month and $147,060 annually, resulting in a 6.82% current cap rate. One of the property's strongest attributes is its rental track record, with total rental income increasing each of the past four years. The rent-by-the-room configuration has created a proven income stream while still offering additional upside through future rental growth and optimization of the existing bedroom configuration. Additionally, the...

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Home facts

  • Year built:2018
  • Listing ID #:26997821
  • Added:20 day(s) ago
  • Updated:October 28, 2026 at 12:02 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:6
  • Living area:3,472 sq. ft.

Structure and exterior

  • Year built:2018
  • Building area:3,472 sq. ft.
  • Lot area:0.14 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,425,000
  • Price per sq. ft.:$410.43

Parking

  • Total parking spaces:4
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