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
Property Details
Price:
$3,900,000
MLS #:
25563791
Status:
Active
Baths:
0
Address:
1340 W 37th Street
Type:
Residential Income
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Jul 10, 2025
State:
CA
ZIP:
90007
Lot Size:
6,820 sqft / 0.16 acres (approx)
Year Built:
2020
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Schools
Interior
Appliances
Dishwasher, Disposal, Refrigerator
Fireplace Features
Kitchen, Living Room, Dining Room, Family Room, Bath
Heating
Central
Exterior
Parking Features
Driveway
Parking Spots
2.00
Security Features
Carbon Monoxide Detector(s), Card/ Code Access, Fire and Smoke Detection System, Gated Community, Smoke Detector(s)
Stories Total
2
Financial
Tenant Pays
Electricity, Gas, Water, Trash Collection
Map
Community
- Address1340 W 37th Street Los Angeles CA
- AreaC34 – Los Angeles Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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1340 W 37th Street
Los Angeles, CA
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