Triplex with Central
For Sale
$3,099,000
1344 W 37th Place, Los Angeles, CA 90007
Triplex with central HVAC and in-unit laundry, fully occupied by USC students.
Property Size5,740 SF
Price / SF$539.90
Days on Market166
Property Features for 1344 W 37th Place
General Information
Standard status
Active
Size
5,740 SF
Property subtype
Multi-family
Occupancy
100%
Financials
Cap Rate
7.95%
Gross Income
$345,168
Gross Rent Multiplier
8.98
Amenities
high-end finishes
quartz countertops
stainless steel appliances
central HVAC
in-unit laundry
individually metered utilities
Building Details
Year Built
2021
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate,Inc.
Listed By:
Benjamin Lee
(714) 497-3550
Source:
Sevengables
Added: Feb 15
Changed: Jul 31
Last Checked: Jul 31 at 5:28AM
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 Lyon Stahl Investment Real Estate,Inc.
Investment Insights
Based on property information with market context.
1344 W 37th Place is a triplex constructed in 2021 with three purpose-built units for student living. Each unit is configured with six bedrooms and six bathrooms and features quartz countertops, stainless steel appliances, central HVAC, and in-unit laundry. The units are individually metered for gas, electricity, and water, and each unit spans two floors with spacious open layouts.
The property is positioned just west of USC within the university’s 24-hour DPS patrol zone. It is described as being within walking distance to University Park and near the Expo/Vermont Metro Station, which can provide access to Downtown Los Angeles, Mid-City, and the Westside.
The offering is presented as fully occupied by USC students. Reported performance includes a 7.95% current cap rate and an 8.98 GIM, with the property qualifying for 100% bonus depreciation and the ability to support cost segregation.
The property is positioned just west of USC within the university’s 24-hour DPS patrol zone. It is described as being within walking distance to University Park and near the Expo/Vermont Metro Station, which can provide access to Downtown Los Angeles, Mid-City, and the Westside.
The offering is presented as fully occupied by USC students. Reported performance includes a 7.95% current cap rate and an 8.98 GIM, with the property qualifying for 100% bonus depreciation and the ability to support cost segregation.
Key Highlights
- Three units designed for student housing, each with six bedrooms and six bathrooms
- Central HVAC and in‑unit laundry in every unit, plus quartz countertops and stainless steel appliances
- Individually metered for gas, electricity, and water
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,199
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?
Triplex - Triplex with central HVAC and in-unit laundry, fully occupied by USC students.
Where is this triplex located?
The property is located at 1344 W 37th Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,099,000.
What are key features of this property?
This property features: Three units designed for student housing, each with six bedrooms and six bathrooms; Central HVAC and in‑unit laundry in every unit, plus quartz countertops and stainless steel appliances; Individually metered for gas, electricity, and water
