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$ 3,900,000
Est. payment /mo
New
1340 W 37th ST Los Angeles, CA 90007
6,821 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25563433
HOA Y/N No
Year Built 2020
Lot Size 6,821 Sqft
Property 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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD2
Interior
Fireplace No
Exterior
Total Parking Spaces 2
Building
Story 2
Others
Tax ID 5040010010
Security Features Fire Detection System,Security Gate,Key Card Entry,Smoke Detector(s)
Special Listing Condition Standard
Listed by Benjamin Lee Marcus & Millichap