Active

1250 W 37th Street

Los Angeles, CA 90007
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Bed 18

Bed

Bath 0

Bath

SqFt6,734

Sqft

SqFt7,252

Sqft(Lot)

We are proud to present the exclusive opportunity to acquire this beautifully updated, modern 9-unit, 18-bedroom student housing apartment complex located within the highly desirable DPS Patrol Zone, just a block from the University of Southern California (USC) & University Village. This turnkey investment has undergone approximately $400,000 in recent capital improvements, creating a high-quality, low-maintenance asset positioned for long-term stability. Upgrades include new hardwood and vinyl flooring throughout, modern kitchen and bathroom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, toilets, tubs, and tile finishes, and fresh interior and exterior paint. Major building systems have also been replaced or enhanced, including a new roof, new copper plu mbing, dual-pane energy-efficient windows, a high-efficiency central water heater, and a complete sewer line replacement with PVC piping. Additional improvements include a secured entry gate for resident safety and the completed Los Angeles mandated earthquake retrofit, featuring foundation anchoring, shear wall reinforcement, and steel frame strengthening for full seismic compliance. Each unit features furnished bedrooms, stainless steel appliances, quartz countertops, and tiled showers with glass enclosures, showcasing modern finishes and thoughtful design throughout. The property is individually metered for gas, electricity, and water, reducing ownership expenses and improving efficiency. The building totals 6,734 rentable square feet on a 7,250-square-foot lot, consisting of (1) one-bedroom + one-bathroom unit, (1) three-bedroom + one-bathroom unit, and (7) two-bedroom + one-bathroom units. Each unit offers a spacious layout ideal for student tenants.The property is 100% occupied with USC students and fully leased for the 20252026 academic year, generating a gross income of $20,255 per month. With parental guarantees on leases and a consistent record of near 100% occupancy, the asset represents a low-risk, turnkey investment offering stable returns and strong operating fundamentals. Priced at a 6.75% cap rate and 12x GRM, this property delivers both dependable cash flow and long-term appreciation potential in one of Los Angeles' most sought-after rental markets. Additional amenities include on-site laundry facilities for supplemental income and secure gated access for enhanced resident safety.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,885,000

AD Id : 76679099

MLS Id : 26671171

Beds : 18

Lot Size : 7,252 Sqft

Living Area Size : 6,734

Year Built : 1964

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 18

    Bathroom Information

    Total Baths: 16 Full Baths: 0 Half Baths: 0
  • Interior Features

    Interior Features: Ceiling Fan(s) Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer Flooring: Tile
  • Cooling Features

    Dual Air Conditioning

    Heating Source

    Combination Has Heating

  • Building Information

    Year Built: 1964 Building Area Total: 6,734

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1665
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7252

  • Listing Price Information

    Original List Price: 2,885,000 Listing Contract Date: 2026-04-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5040015010

  • Garage and Parking

    Garage Description: Gated,Private

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C34 - Los Angeles Southwest Postal Code Plus 4: 3958 Directions: 1250 W. 37th Street | Los Angeles, CA 90007 Zoning: LARD2 Source Property Type: Residential Income Area: C34 - Los Angeles Southwest
  • Building and Construction

    Property Age: 62 Year Built Source: Vendor Enhanced Total Square Feet Living: 6734 Levels or Stories: Two Building Total Stories: 2
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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 -- -- 8,540 8,540 SqFt
1938 Bonsallo Avenue, Los Angeles, CA, 90007 $1,129,000 -- -- 5,964 5,964 SqFt
1978 Bonsallo Avenue, Los Angeles, CA, 90007 $1,599,800 7 -- 3,456 3,456 SqFt
2119 S Union Avenue, Los Angeles, CA, 90007 $1,525,000 15 -- 6,671 6,671 SqFt
1017 W 24th Street, Los Angeles, CA, 90007 $1,220,000 4 -- 3,104 3,104 SqFt
1016 W 24th, Los Angeles, CA, 90007 $1,800,000 -- -- 8,563 8,563 SqFt
721 W 30th Street, Los Angeles, CA, 90007 $7,100,000 25 -- 12,928 12,928 SqFt
716 W 30th Street, Los Angeles, CA, 90007 $2,608,888 15 -- 5,615 5,615 SqFt
1236 W 24th, Los Angeles, CA, 90007 $899,000 7 4 1,850 1,850 SqFt
2623 Ellendale Place, Los Angeles, CA, 90007 $8,500,000 28 -- 17,099 17,099 SqFt

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ByOwner last updated this listing 06/20/2026 @ 02:34

MLS: 26671171 LISTED BY: Davis Saadian, Keller Williams Hollywood Hills 310-623-1300 SOURCE: CRMLS

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