Updated Student Housing Near
1250 W 37th St, Los Angeles, CA 90007
MULTI_FAMILY - Los Angeles, CA
Property size:
6,734 SFLot size:
0.17 AcresPrice / SF:
$428/SF- Added:
- Apr 1, 2026
- Days on Market:
- 45
- Last Refresh:
- May 15 at 11:06 pm
Property Features for 1250 W 37th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LARD2
- Bedrooms
- 18
- Bathrooms
- 16
- Rooms
- Bathroom 15, Bathroom 8, Bedroom 1, Bathroom 10, Bathroom 12, Bedroom 7, Bathroom 2, Bedroom 6, Bathroom 13, Bedroom 13, Bedroom 12, Bathroom 9, Bedroom 9, Bedroom 11, Bathroom 4, Bathroom 6, Bathroom 7, Bathroom 11, Bedroom 10, Bedroom 4, Bathroom 16, Bedroom 5, Bedroom 3, Bedroom 8, Bedroom 14, Bathroom 1, Bedroom 18, Bedroom 15, Bathroom 5, Bedroom 17, Bedroom 16, Bathroom 14, Bathroom 3, Bedroom 2
- Parking
- 6
- Parking features
- Garage, Gated
- Standard status
- Active
- APN
- 5040-015-010
- Size
- 6,734 SF
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1964
- Floors in Building
- 2
- Number of units
- 9
- Flooring type
- Tile, Vinyl
Listing agent Davis Saadian License #01921748 (310) 402-8958
Listing office Keller Williams Hollywood Hills 9000 Sunset Blvd. Suite 1100, West Hollywood, CA (310) 623-1300
Listing date Apr 1, 2026
MLS# 26671171
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location within the highly desirable DPS Patrol Zone, one block from USC & University Village.
- Turnkey investment with approximately $400,000 in recent capital improvements, ensuring low maintenance and long‑term stability.
- 100% occupied with USC students and fully leased for the 2025‑2026 academic year, generating $20,255 gross monthly income.
- Secured entry gate and completed Los Angeles mandated earthquake retrofit for enhanced resident safety and full seismic compliance.
- Individually metered for gas, electricity, and water, reducing ownership expenses and improving efficiency.
- Priced at a 6.75% cap rate and 12x GRM, offering dependable cash flow and long‑term appreciation potential.
Overview
This is a 9-unit, 18-bedroom student housing apartment complex located near the University of Southern California (USC) and University Village. The property has undergone approximately $400,000 in recent capital improvements. Upgrades include new hardwood and vinyl flooring, modern kitchen and bathroom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, toilets, tubs, and tile finishes, and fresh interior and exterior paint. Building systems have also been replaced or enhanced, including a new roof, new copper plumbing, dual-pane energy-efficient windows, a high-efficiency central water heater, and a complete sewer line replacement with PVC piping. Additional improvements include a secured entry gate and a completed Los Angeles mandated earthquake retrofit, featuring foundation anchoring, shear wall reinforcement, and steel frame strengthening for seismic compliance. Each unit features furnished bedrooms, stainless steel appliances, quartz countertops, and tiled showers with glass enclosures. The property is individually metered for gas, electricity, and water. The building totals 6,734 rentable square feet on a 7,250-square-foot lot. It consists of one one-bedroom + one-bathroom unit, one three-bedroom + one-bathroom unit, and seven two-bedroom + one-bathroom units. Each unit offers a spacious layout. The property is 100% occupied with USC students and fully leased for the 20252026 academic year, generating a gross income of $20,255 per month. Additional amenities include on-site laundry facilities and secure gated access. The zoning is LARD2.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.296069
- Latitude
- 34.020671
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Modern 9-unit apartment complex near USC, fully leased.
Where is this apartment building located?
The property is located at 1250 W 37th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,885,000.
What are key features of this property?
This property features: Prime location within the highly desirable DPS Patrol Zone, one block from USC & University Village.; Turnkey investment with approximately $400,000 in recent capital improvements, ensuring low maintenance and long‑term stability.; 100% occupied with USC students and fully leased for the 2025‑2026 academic year, generating $20,255 gross monthly income.
