Updated Student Housing Near USC

1250 W 37th St, Los Angeles, CA 90007

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For Sale

$2,885,000

MULTI_FAMILY - Los Angeles, CA

Property size:

6,734 SF

Lot size:

0.17 Acres

Price / SF:

$428/SF

HighLights

9‑unit student housing complex with 18 bedrooms, fully leased for the 2025–2026 academic year and 100% occupied by USC students
Gross income of $20,255/month; priced at a 6.75% cap rate and 12x GRM
~$400,000 in recent capital improvements, including new flooring (vinyl/tile), updated kitchen and bath cabinetry, quartz countertops, and stainless steel appliances
Major systems replaced/enhanced: new roof, new copper plumbing, dual‑pane windows, high‑efficiency central water heater, and full sewer line replacement (PVC)
Secured gated entry and individually metered gas, electricity, and water; on‑site laundry facilities
6,734 rentable SF on a 7,250 SF lot: 1 one‑bed + 1 bath, 1 three‑bed + 1 bath, and 7 two‑bed + 1 bath units

We can help!

Contact an agent

Davis Saadian

For Sale

$2,885,000

MULTI_FAMILY - Los Angeles, CA

Property size:

6,734 SF

Lot size:

0.17 Acres

Price / SF:

$428/SF

Added:: Apr 1, 2026
Days on Market:: 91
Last Refresh:: Jun 30 at 7:06 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 3, Bedroom 7, Bathroom 9, Bathroom 8, Bedroom 13, Bedroom 1, Bathroom 14, Bedroom 16, Bedroom 15, Bedroom 3, Bedroom 10, Bathroom 12, Bathroom 16, Bedroom 9, Bedroom 18, Bathroom 5, Bathroom 6, Bedroom 5, Bedroom 6, Bedroom 17, Bathroom 4, Bathroom 11, Bedroom 12, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 15, Bathroom 13, Bathroom 10, Bedroom 14, Bathroom 7, Bedroom 8, Bedroom 11, Bathroom 1
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: Vinyl, Tile

We can help!

Contact an agent

Davis Saadian

Listing agent Davis Saadian License #01921748

Listing office Keller Williams Hollywood Hills 9000 Sunset Blvd. Suite 1100, West Hollywood, CA

Listing date Apr 1, 2026

MLS# 26671171 Listing URL

HighLights

9‑unit student housing complex with 18 bedrooms, fully leased for the 2025–2026 academic year and 100% occupied by USC students
Gross income of $20,255/month; priced at a 6.75% cap rate and 12x GRM
~$400,000 in recent capital improvements, including new flooring (vinyl/tile), updated kitchen and bath cabinetry, quartz countertops, and stainless steel appliances
Major systems replaced/enhanced: new roof, new copper plumbing, dual‑pane windows, high‑efficiency central water heater, and full sewer line replacement (PVC)
Secured gated entry and individually metered gas, electricity, and water; on‑site laundry facilities
6,734 rentable SF on a 7,250 SF lot: 1 one‑bed + 1 bath, 1 three‑bed + 1 bath, and 7 two‑bed + 1 bath units

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.

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Apartment buildings

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Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.296069
Latitude: 34.020671

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For sale
Apartment buildings
CA
Los Angeles
90007
1250 W 37th St

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: 9‑unit student housing complex with 18 bedrooms, fully leased for the 2025–2026 academic year and 100% occupied by USC students; Gross income of $20,255/month; priced at a 6.75% cap rate and 12x GRM; ~$400,000 in recent capital improvements, including new flooring (vinyl/tile), updated kitchen and bath cabinetry, quartz countertops, and stainless steel appliances

1250 W 37th St, Los Angeles, CA 90007

MULTI_FAMILY - Los Angeles, CA

Property Features for 1250 W 37th St

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Los Angeles Commercial Investment Opportunity

Los Angeles Retail Opportunity

Prime Automotive Land in Los Angeles

Los Angeles Industrial Owner-User Opportunity

Eagle Rock Commercial/Residential Opportunity

Corner Retail Property with Billboard

Corner Lot Multi-Structure Apartment Building

Medical Office Complex Corner Assemblage

Modern Triplex with Duplex and Rear Unit

Seven-Unit Multifamily Property

Fourplex with In-Unit Laundry

Gated Apartment Building with Solar

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