1340 W 37th Street, Los Angeles, CA 90007 (MLS # 25563791)

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PRICE $3,900,000 dsIDX morgage calculator
BEDS 20
BATHS 20
HOME SIZE 7,867 sqft
LOT SIZE 6,822 sqft

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

DAYS ON MARKET 2 LAST UPDATED 7/10/2025
YEAR BUILT 2020 COMMUNITY C34 - Los Angeles Southwest
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
APPLIANCES Dishwasher, Disposal, Dryer, Refrigerator, Washer
AREA C34 - Los Angeles Southwest
FIREPLACE Yes
HEAT Central
LOT 6821 sq ft
LOT DIMENSIONS 47x145
PARKING Driveway
STORIES Two, Multi/Split
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Listed with Marcus & Millichap

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