CA > Los Angeles
Los Angeles, CA 90007,1340 W 37th St
Los Angeles, CA 90007,1340 W 37th St
Los Angeles, CA 90007,1340 W 37th St
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$3,750,000
Est. payment /mo
20 Beds
20 Baths
7,867 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,867 sqft

Price per Sqft $476

MLS Listing ID 25563791

Bedrooms 20

Construction Status New Construction

Year Built 2020

Lot Size 6,820 Sqft

Acres 0.1566

Property Sub-Type Multi-Family

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

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Fireplaces Type Kitchen, Living Room, Dining, Family Room, Bath

Equipment Alarm System, Built-Ins, Garbage Disposal, Freezer, Dryer, Dishwasher, Hood Fan, Range/Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features Driveway

Garage Spaces 2.0

Building

Lot Description Fenced, Exterior Security Lights

Story 2

Level or Stories Multi/Split, Two

Construction Status New Construction

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Kirshner Elkin Properties

+1(424) 214-0133

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