1340 W 37th ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90007
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,867 sqft
Price per Sqft $495
MLS Listing ID 25563791
Bedrooms 20
Year Built 2020
Lot Size 6,821 Sqft
Property Description
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
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD2
Interior
Heating Central
Fireplaces Type Bath,Dining Room,Family Room,Kitchen,Living Room
Exterior
Parking Features Driveway
Community Features Gated
Building
Story 2
New Construction Yes
Others
Special Listing Condition Standard