CA > Los Angeles
Los Angeles, CA 90007,1340 W 37th ST
Los Angeles, CA 90007,1340 W 37th ST
Los Angeles, CA 90007,1340 W 37th ST
13
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$3,900,000
Est. payment /mo
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20 Beds
20 Baths
7,867 SqFt
Active

1340 W 37th ST Los Angeles, CA 90007

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Jacklyn Lamkin Dougan

Jacklyn Lamkin Dougan

+1(619) 957-0600

UPDATED:

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

HOA Y/N No

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

Fireplace Yes

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Driveway

Community Features Gated

Total Parking Spaces 2

Building

Story 2

Entry Level Two,Multi/Split

Level or Stories Two, Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 5040010010

Security Features Carbon Monoxide Detector(s),Fire Detection System,Gated Community,Key Card Entry,Smoke Detector(s)

Special Listing Condition Standard

CRMLS – RECore
Listed by Benjamin Lee Marcus & Millichap

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Jacklyn Lamkin Dougan

Jacklyn Lamkin Dougan

Agent | License ID: 01797149

+1(619) 957-0600

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