- $3.9M Price
- .16 Acres
- 75 DOM
1340 37th Street
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.
Essential Information
- MLS® #25563433
- Price$3,900,000
- Bathrooms0.00
- Acres0.16
- Year Built2020
- TypeCommercial Sale
- StatusActive
Community Information
- Address1340 37th Street
- AreaC34 - Los Angeles Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
Amenities
- Parking Spaces2
Interior
- # of Stories2
Additional Information
- Date ListedJuly 10th, 2025
- Days on Market75
- ZoningLARD2
Listing Details
- AgentBenjamin Lee
- OfficeMarcus & Millichap
Benjamin Lee, Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of September 24th, 2025 at 8:41am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.