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.
Property Details
Price:
$3,900,000
MLS #:
25563433
Status:
Active
Baths:
0
Address:
1340 W 37th Street
Type:
Commercial
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Jul 10, 2025
State:
CA
ZIP:
90007
Year Built:
2020
Schools
Interior
Exterior
Parking Spots
2.00
Security Features
Automatic Gate, Fire and Smoke Detection System, Card/ Code Access
Stories Total
2
Financial
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 960 E 12th Street
Los Angeles, CA$4,680,000
2.98 miles away
- 1541 S Central Avenue
Los Angeles, CA$4,550,000
2.88 miles away
- 1479 W Washington Boulevard
Los Angeles, CA$4,500,000
1.48 miles away
- 5140 Crenshaw Boulevard
Los Angeles, CA$4,500,000
2.50 miles away
- 5349 Crenshaw Boulevard
Los Angeles, CA$4,500,000
2.64 miles away
- 694 S Burlington Avenue
Los Angeles, CA$4,300,000
2.79 miles away
- 514 S Mariposa Avenue
Los Angeles, CA$4,250,000
3.05 miles away
- 431 S Broadway
Los Angeles, CA$4,200,000
3.38 miles away
- 323 E 1st Street
Los Angeles, CA$4,070,000
3.92 miles away
- 3051 W 12th Street
Los Angeles, CA$4,000,000
2.04 miles away
Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 1340 W 37th Street
Los Angeles, CA
LIGHTBOX-IMAGES