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 7.25% CAP rate and 9.86 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
Features
20 bedrooms
20 bathrooms
directions_car2 carspaces
7867 sq. ft. floor area
crop_free6820 sq. ft. lot size
cottageOther
Property history for 1340 W 37th St
2019
Sold
Undisclosed
23 May 2019
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Local market activity for 20 bedroom other properties in Los Angeles
Sold
For Sale
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