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1340 W 37th Street

Los Angeles, CA 90007

– beds
– baths
– sqft
6,820 sqft lot
2020 build
– on site

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 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

Listed By CRMLS_CA / Benjamin Lee / Marcus & Millichap

Last checked: Checking… • Last updated Jul 12, 2025 •

MLS# 25563791 —

This property is listed in more than one place. See it here.

The Building

Year Built:

2020
Year Built Source:

Builder
New Construction:

Yes
Building Area Total:

7867.00
Total Number Of Units:

4
# of Buildings:

2
Stories Total:

2

Interior

Levels:

Multi/Split, Two
Fireplace:

Yes
Fireplace:

Kitchen, Living Room, Dining Room, Family Room, Bath
Laundry:

Washer Included, Dryer Included
Laundry:

1

Location

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.
Latitude:

34.02067700
Longitude:

-118.29871100

The Property

Property Type:

Residential Income
Zoning:

LARD2
Lot Size Area:

6820.0000
Lot Size Dimensions:

47x145
Lot Size Acres:

0.1566
Lot Size SqFt:

6820.00
Security Features:

Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Gated Community, Smoke Detector(s)

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5040010010

Heating & Cooling

Heating:

1
Heating:

Central

Appliances

Appliances:

Dishwasher, Disposal, Refrigerator
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Driveway
Parking Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/10/25 Jul 10, 2025	Listed / Active	CRMLS_CA	$3,900,000

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This multifamily located in South LA, Los Angeles, CA 90007 is currently for sale for $3,900,000. 1340 W 37th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 1340 W 37th Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 69, making it somewhat walkable. This multifamily is in the attendance area of Foshay Learning Center, Lenicia B Weemes Elementary School, and Manual Arts Senior High School.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 06:41 on Jul 12.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.