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 property is located within the USC DPS Patrol Zone, providing an added benefit for student renters seeking housing near campus. With newer rear construction, a renovated front residence, four parking spaces, and an established history as a student rental, 1375 W. 37th Drive offers a compelling combination of current yield and future upside in the USC rental market, with convenient access to USC, USC Village, Exposition Park, and the Metro E Line.
Property Details
Price:
$1,425,000
MLS #:
26997821
Status:
Active
Beds:
11
Baths:
6
Type:
Single Family
Neighborhood:
c34losangelessouthwest
Listed Date:
Oct 7, 2026
Finished Sq Ft:
3,472
Total Sq Ft:
3,472
Lot Size:
5,945 sqft / 0.14 acres (approx)
Year Built:
2018
See this Listing
Schools
Interior
Levels
U
Exterior
Parking Spots
4
Parking Total
4
Financial
Map
Community
- Address1375 W 37th DR Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Oct 08, 2026
9,756
Single Family Listed
86
Avg DOM
433
Avg $ / SqFt
$1,550,499
Avg List Price
Property Summary
- 1375 W 37th DR Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90007. It is listed for $1,425,000 and features 11 beds, 6 baths, and has approximately 3,472 square feet of living space, and was originally constructed in 2018. The current price per square foot is $410. The average price per square foot for Single Family listings in Los Angeles is $433. The average listing price for Single Family in Los Angeles is $1,550,499.
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