Active

1344 W 37th Place

Los Angeles, CA 90007
Mark as Favorite
Bed 18

Bed

Bath 0

Bath

SqFt5,740

Sqft

SqFt6,602

Sqft(Lot)

Price reduced and delivered with a Master Lease contract in place. Please contact the listing agents for more details. We are pleased to present 1344 W 37th Pl, a premier 2021-constructed student housing investment opportunity located just west of USC within the university's 24-hour DPS patrol zone. Purpose-built to capture the robust demand from USC's 46,000+ students, 65% of whom live off-campus, the property offers three units each with 6 bedrooms and 6 bathrooms. Each unit features high-end finishes, quartz countertops, stainless steel appliances, central HVAC, and in-unit laundry, and individually metered for all utilities: gas, electricity, & water. Each unit has only two floors and offers spacious open layouts, designed to promote maximum comfort for the students. The property is id eally situated within walking distance to University Park and near the Expo/Vermont Metro Station providing easy access to Downtown Los Angeles, Mid-City, and the Westside. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is fully occupied by USC students and offers a strong 7.95% current cap rate and 8.98 GIM with a monthly scheduled gross income of $28,764, allowing investors to maximize returns in one of Los Angeles' most stable rental submarkets. In addition to its strong fundamentals, the property qualifies for 100% bonus depreciation, creating a unique opportunity for investors to maximize early tax benefits through cost segregation. This combination of modern construction, durable student demand, and excellent operating fundamentals makes 1344 W 37th Pl ideal for any HNW individual or family office seeking a combination of yield, tax shelter, and long-term appreciations.

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,099,000

AD Id : 75607968

MLS Id : 26656429

Beds : 18

Lot Size : 6,602 Sqft

Living Area Size : 5,740

Year Built : 2021

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 18

    Bathroom Information

    Total Baths: 18 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 2021 Building Area Total: 5,740
  • Security Features

    Carbon Monoxide Detector(s),Fire Detection System,Gated Community,Resident Manager,Smoke Detector(s)

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1516
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6602

  • Listing Price Information

    Original List Price: 3,099,000 Listing Contract Date: 2026-02-24
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5040011008

  • Garage and Parking

    Garage Description: Uncovered

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas,Trash Collection,Water

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C34 - Los Angeles Southwest Postal Code Plus 4: 4228 Directions: Located within the USC DPS patrol zone, West of the campus. A short walk from University Park. Zoning: LARD2 Source Property Type: Residential Income Area: C34 - Los Angeles Southwest
  • Building and Construction

    Property Age: 5 Year Built Source: Vendor Enhanced Total Square Feet Living: 5740 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 $1,699,800 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 $2,988,888 15 -- 5,615 5,615 SqFt
2623 Ellendale Place, Los Angeles, CA, 90007 $8,500,000 28 -- 17,099 17,099 SqFt
1543 W 22nd Place, Los Angeles, CA, 90007 $849,000 -- -- 3,168 3,168 SqFt

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ByOwner last updated this listing 06/12/2026 @ 08:41

MLS: 26656429 LISTED BY: Benjamin Lee, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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