9-Unit Renovated Apartment
For Sale
$3,250,000
1287 W 37th Pl, Los Angeles, CA 90007
Student-oriented housing with gated parking, in-unit laundry, updated interiors, and proximity to the USC campus and Village.
Property Size7,162 SF
Lot Size0.16 Acres
Price / SF$453.78
Days on Market8
Property Features for 1287 W 37th Pl
General Information
Standard status
Active
Size
7,162 SF
Total Parking Spaces
9
Lot size
0.16 Acres
Property subtype
Residential Income
Occupancy
100%
Financials
Cap Rate
7.5%
Gross Income
$300,000
Gross Rent Multiplier
10.9
Units
Unit Mix
1 x studio, 3 x 2BR/1BA, 2 x 2BR/2BA, 3 x 3BR/1BA
Multifamily Units
9
Amenities
in-unit washer and dryer
wall-mounted televisions
security camera system
automated entry gates
Building Details
Year Built
1965
Listing Agency:
Keller Williams Hollywood Hills
(310) 623-1300
Listed By:
Davis Saadian · License #01921748
(310) 402-8958
Source:
Exprealty
Added: Aug 30
Changed: Sep 5
Last Checked: Sep 5 at 8:36AM
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.
The Bryce is a 9-unit apartment building with 20 bedrooms on a 6,970-square-foot lot and 7,162 square feet of building area. Constructed in 1965, the property offers a varied configuration consisting of one studio, three 2-bedroom/1-bath units, two 2-bedroom/2-bath units, and three 3-bedroom/1-bath units. Each residence includes a washer and dryer, wall-mounted television, updated kitchen and bath finishes, and air conditioning. Tenants pay their own utilities.
The property is approximately one block west of the USC campus and Village and is within the Department of Public Safety Patrol Zone. Improvements include copper plumbing, electrical upgrades, double-pane windows, new vinyl plank and tile flooring, refreshed paint, security cameras, automated entry gates, repaved and restriped parking, and seismic retrofits associated with tuck-under parking. The asset includes 9 gated on-site parking spaces, is 100% leased, and reports a 7.5% current cap rate and 10.9x current GRM.
The property is approximately one block west of the USC campus and Village and is within the Department of Public Safety Patrol Zone. Improvements include copper plumbing, electrical upgrades, double-pane windows, new vinyl plank and tile flooring, refreshed paint, security cameras, automated entry gates, repaved and restriped parking, and seismic retrofits associated with tuck-under parking. The asset includes 9 gated on-site parking spaces, is 100% leased, and reports a 7.5% current cap rate and 10.9x current GRM.
Key Highlights
- 9‑unit apartment building with 20 bedrooms
- 7,162 SF building on a 6,970‑square‑foot lot
- Unit mix includes 1 studio, 3 two‑bedroom/one‑bath units, 2 two‑bedroom/two‑bath units, and 3 three‑bedroom/one‑bath units
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,306
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Student-oriented housing with gated parking, in-unit laundry, updated interiors, and proximity to the USC campus and Village.
Where is this apartment building located?
The property is located at 1287 W 37th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 9‑unit apartment building with 20 bedrooms; 7,162 SF building on a 6,970‑square‑foot lot; Unit mix includes 1 studio, 3 two‑bedroom/one‑bath units, 2 two‑bedroom/two‑bath units, and 3 three‑bedroom/one‑bath units
