1340 W 37th Street
Los Angeles, CA, 90007
$3,900,000
Beds
0 Baths
SqFt
0.16 Acres
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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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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

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Community

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1340 W 37th Street
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