1216 W 37th Place
Los Angeles, CA 90007
91
Bed
40
Bath
31,248Sqft
33,800Sqft(Lot)
We are pleased to present The 37th Place Portfolio, a rare opportunity to acquire a five-building, 36-unit, 91-bedroom USC student housing portfolio located within the highly desirable Department of Public Safety (DPS) Patrol Zone, approximately one block west of the USC campus. The portfolio is currently 100% leased for the 20262027 academic year and generates $106,607 in monthly gross income, representing $1,279,284 in scheduled annual income. At the offering price, the portfolio provides an attractive 6.5% current cap rate and a 12x current gross rent multiplier. These strong in-place operating metrics offer investors immediate cash flow from a stabilized student housing portfolio in one of Southern California's most supply-constrained rental markets. Approximately $2.5 million has been
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 91Bathroom Information
Total Baths: 40Flooring Information
Tile -
Interior Features
CeilingFansAppliances: Dishwasher, Disposal, Refrigerator, Dryer, Washer -
Heating & Cooling
Has Heating: Yes Heating: Electric, HeatPump Has Cooling: Yes Cooling: Electric, HeatPump
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Building Information
Year Built: 1959Building Area Total: 31248Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 33800 Lot Size Acres: 0.7759 Lot Size Source: Assessor Lot Size Square Feet: 33,800
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Listing Price Information
Listing Price: $15495000
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Tax Information
Parcel Number: 5040014016
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Virtual Tour
Parking Information
Parking Total: 32 Gated, Private
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Location Information
Direction: The portfolio is comprised of five (5) properties located along West 37th Place: 1216 W. 37th Place, 1222 W. 37th Place, 1229 W. 37th Place, 1234 W. 37th Place, & 1287 W. 37th Place. Security Features: CarbonMonoxideDetectors,FireDetectionSystem,SecurityGate,SmokeDetectors
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 225 W Adams Boulevard, Los Angeles, CA, 90007 | $1,775,000 | -- | 16 | 8,540 | 12,295 Sqft |
| 1943 Estrella Avenue, Los Angeles, CA, 90007 | $1,350,000 | 8 | 4 | 5,458 | 0.14 Acre |
| 920 W 20th Street, Los Angeles, CA, 90007 | $1,200,000 | 7 | 5 | 3,946 | 6,377 Sqft |
| 1011 W 20th, Los Angeles, CA, 90007 | $1,350,000 | 7 | 4 | 2,511 | 5,916 Sqft |
| 1030 W 20th Street, Los Angeles, CA, 90007 | $975,000 | 5 | 2 | 2,001 | 5,930 Sqft |
| 2127 Portland Street, Los Angeles, CA, 90007 | $1,600,000 | 11 | 11 | 3,715 | 6,152 Sqft |
| 1017 W 24th Street, Los Angeles, CA, 90007 | $1,220,000 | 4 | -- | 3,104 | 6,065 Sqft |
| 1125 W 22nd Street, Los Angeles, CA, 90007 | $800,000 | 3 | 2 | 1,872 | 5,500 Sqft |
| 721 W 30th Street, Los Angeles, CA, 90007 | $6,950,000 | 25 | 23 | 12,928 | 11,795 Sqft |
| 3015 Shrine Place, Los Angeles, CA, 90007 | $2,395,000 | 3 | 3 | 1,988 | 10,074 Sqft |
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ByOwner last updated this listing 09/07/2026 @ 12:29
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