1340 W 37th Street

Los Angeles, CA 90007

  • 20 Bed(s)
  • 0 Bath(s)
  • 7,867 Sqft
  • 6820
    Sqft(Lot)
$3,900,000

Description

The ben lee group of marcus & millichap is pleased to present 1340 w 37th st, 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

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50391898

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Property Details

  • Bedroom Information

    • Total Bedrooms : 20

    Bathroom Information

    • Total Baths: 20
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Disposal,Refrigerator,Dryer,Washer
    • Fireplace: Bath,Dining Room,Family Room,Kitchen,Living Room

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: Bath,Dining Room,Family Room,Kitchen,Living Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 2020
    • Building Area Total: 7,867

    Security Features

    • Carbon Monoxide Detector(s),Fire Detection System,Gated Community,Key Card Entry,Smoke Detector(s)

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1566
    • Lot Size Dimensions: 47x145
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6820

  • Listing Price Information

    • Original List Price: 3,900,000
    • Listing Contract Date: 2025-07-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5040010010

  • Garage and Parking

    • Garage Description: Driveway

    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: 3959
    • Directions: East of Normandie Ave, north of Exposition Blvd, within the USC DPS patrol zone. Just two blocks west of campus and a short walk to USC's Viterbi School of Engineering.
    • Zoning: LARD2
    • Source Property Type: Residential Income
    • Area: C34 - Los Angeles Southwest

    Building and Construction

    • Property Age: 5
    • Year Built Source: Builder
    • Total Square Feet Living: 7867
    • Levels or Stories: Two,Multi/Split
    • Building Total Stories: 2
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BuyOwner last updated this listing 07/15/2025 @ 20:03

  • MLS: 25563791
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 20 bedrooms which is for sale, it has 7,867 sqft, 6,820 sized lot, and 0 parking. are nearby neighborhoods.