Renovated Student Housing
New
For Sale
$15,495,000
1216 W 37th Pl, Los Angeles, CA 90007
Five buildings near USC offer 36 units, gated parking, and extensive capital improvements.
Property Size31,248 SF
Days on Market4
Property Features for 1216 W 37th Pl
General Information
Standard status
Active
Size
31,248 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
31,248 SF
Year Built
1959
Listing Agency:
Keller Williams Hollywood Hills
Listed By:
Davis Saadian · License #01921748
(310) 402-8958
Source:
Rochellemaize
Added: Aug 30
Changed: Sep 1
Last Checked: Sep 1 at 8:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Hollywood Hills
Investment Insights
Based on property information with market context.
This apartment portfolio comprises five buildings with 36 units and 91 bedrooms near the USC campus. The unit mix includes one studio, one one-bedroom unit, 15 two-bedroom units, 17 three-bedroom units, and two four-bedroom units. Renovations include updated kitchens, bathrooms, bedrooms, flooring, windows, plumbing, electrical systems, and interior and exterior paint. The properties also feature security cameras, automated entry gates, repaved and restriped parking areas, and seismic retrofits related to tuck-under parking.
The buildings are located along West 37th Place, approximately one block west of USC and within the Department of Public Safety Patrol Zone. Each property provides gated on-site parking, while approximately 90% of the units include in-unit washers and dryers. Approximately 20% of the units are furnished and include wall-mounted televisions. Tenants are responsible for utilities. The portfolio is 100% leased for the 20262027 academic year and offers approximately 20% upside in potential rents.
The buildings are located along West 37th Place, approximately one block west of USC and within the Department of Public Safety Patrol Zone. Each property provides gated on-site parking, while approximately 90% of the units include in-unit washers and dryers. Approximately 20% of the units are furnished and include wall-mounted televisions. Tenants are responsible for utilities. The portfolio is 100% leased for the 20262027 academic year and offers approximately 20% upside in potential rents.
Key Highlights
- Five‑building portfolio with 36 units and 91 bedrooms
- Unit mix includes 1 studio, 1 one‑bedroom, 15 two‑bedroom, 17 three‑bedroom, and 2 four‑bedroom units
- Approximately 90% of units feature in‑unit washers and dryers
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,695
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five buildings near USC offer 36 units, gated parking, and extensive capital improvements.
Where is this apartment building located?
The property is located at 1216 W 37th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $15,495,000.
What are key features of this property?
This property features: Five‑building portfolio with 36 units and 91 bedrooms; Unit mix includes 1 studio, 1 one‑bedroom, 15 two‑bedroom, 17 three‑bedroom, and 2 four‑bedroom units; Approximately 90% of units feature in‑unit washers and dryers
