1340 W 37th Street, Los Angeles, CA 90007

• 20 beds |
• 20 baths |
• 7,867 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 7.25% CAP rate and 9.86 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

Listing Status:

Active

Date Added:

July 10, 2025 at 05:00AM

Listing Office:

Marcus & Millichap : 310-909-5450

Listing Agent:

Benjamin Lee : 310-909-2317

MLS ID:

25563791

Interior

• Appliances: DishwasherDisposalRefrigeratorDryerWasher
• Heating: Central
• Fireplace: BathDining RoomFamily RoomKitchenLiving RoomFireplace

Exterior

• Parking: DrivewayParking spaces: 2

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LARD25040010010

Financial

• Source: CRMLS_CL

This listing courtesy of Benjamin Lee, Marcus & Millichap