1340 W 37th Street
Los Angeles, CA 90007
Map
- 20 beds
- – baths
- 7,867 sqft
- 6,820 sqft lot
- $495 per sqft
- 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
Last checked:
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Last updated Jul 12, 2025
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MLS# CL25563791 —
This property is listed in more than one place. See it here.
The Building
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Year Built:2020
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Building Area Units:Square Feet
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Security Features:Smoke Detector(s)
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Other Equipment:Other
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Building Area Total:7867
Room Dimensions
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Living Area:7867
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Living Area Units:Square Feet
Location
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Directions:East of Normandie Ave, north of Exposition Blvd, w
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Parcel Number:5040010010
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Zoning:LARD
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Lot Size Area:0.16
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Lot Size Acres:0.16
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Lot Size SqFt:6820
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (310) 909-2317
Beds
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Bedrooms Total:20
Heating & Cooling
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Heating:Central
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Heating:true
Appliances
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Laundry Features:Dryer
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:2
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Parking Features:Other
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/10/25
Jul 10, 2025
|
Listed / Active | BRIDGE | $3,900,000 |
