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1340 W 37th Street, Los Angeles, CA 90007
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$3,900,000
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Home Details for 1340 W 37th Street
Price
$3,900,000
Type
Commercial/Industrial
Year Build
2020
Lot Size
0.1566
County
Los Angeles
MLS®️ Listing#
25563433
On exitrealty.com
132 days
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 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.
Listing Courtesy: Marcus & Millichap - 310-909-5450. Presented by: Benjamin Lee
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-10 16:06:04 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.
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$3,900,000
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.