1340 37th, Los Angeles CA 90007 | $3,900,000
Listing provided courtesy of Benjamin Lee of Marcus & Millichap. Last updated 2025-11-06 09:25:54.000000. Listing information © 2025 SANDICOR.
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.
More Details
2 Stories
Parking Spots: 2.00
Asset Class: Multi-Family
Asset Class: Specialty
Security Feature: Automatic Gate
Security Feature: Fire and Smoke Detection System
Security Feature: Card/Code Access
Roof: Automatic Gate
Roof: Fire and Smoke Detection System
Roof: Card/Code Access
David Piper
Call or Text: 858-525-5007
DRE# 02021985
