USACALos Angeles1344 W 37Th Place
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$3,350,000

14 hours ago

1344 W 37th Place, Los Angeles, CA

18 Bed

18 Bath

5740 sqft

6 Parking

MLS® 26656429

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 5740 sqft
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 2021
Avg. Price Per Sqft $583
MLS® Number 26656429

Property Address: 1344 W 37th Place, Los Angeles, CA, 90007

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 1344 W 37th Pl, a premier 2021-constructed student housing investment opportunity located just west of USC within the university's 24-hour DPS patrol zone. Purpose-built to capture the robust demand from USC's 46, 000+ students, 65% of whom live off-campus, the property offers three units each with 6 bedrooms and 6 bathrooms. Each unit features high-end finishes, quartz countertops, stainless steel appliances, central HVAC, and in-unit laundry, and individually metered for all utilities: gas, electricity, & water. Each unit has only two floors and offers spacious open layouts, designed to promote maximum comfort for the students. The property is ideally situated within walking distance to University Park and near the Expo/Vermont Metro Station providing easy access to Downtown Los Angeles, Mid-City, and the Westside. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is fully occupied by USC students and offers a strong 7.23% current cap rate and 9.71 GIM with a monthly scheduled gross income of $28, 764. This turnkey opportunity allows investors to maximize returns in one of Los Angeles' most stable rental submarkets. This combination of modern construction, durable student demand, and excellent operating fundamentals makes 1344 W 37th Pl ideal for any HNW individual or family office seeking a combination of yield, tax shelter, and long-term appreciations.
MLS® Number26656429
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2021
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$3,350,000List Price
  • Commute

Commute

Starting Address
Destination Address
1344 W 37th Place, Los Angeles, CA

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