Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90007 1207 W 37th Place

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Presented By: Michael R. Fukushima with Keller Williams Los Angeles;
  • MLS# 25546991
  • 06/04/2025
  • Request Tour
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  • Beds • 14
  • Baths • 13
  • SQFT • 5,372
  • Year Built • 1901

Home Details

*This property is part of the Prime Student Housing Portfolio - May be purchased all together or separately.* Fully leased for the 2025-2026 school year! Prime turnkey USC student housing investment featuring two fully upgraded buildings with 14 oversized bedrooms, supporting up to 28 tenants. The front home, a 6 bed/4.5 bath SFR, was fully renovated down to the studs in 2016 with modern systems, bonus loft areas, and in-unit laundry. The rear duplex, built in 2017, includes two spacious 4 bed/4 bath townhome-style units designed specifically for student renters. The property also offers on-site parking, a total of 5,372 sq. ft. of living space, and sits on a nearly 7,000 sq. ft. lot. Located within the USC DPS Patrol Zone and Campus Cruiser area, it's just a short walk to campus, the Expo Metro Line, and USC Village. With a 6.0% CAP rate, stable income, and future value-add potential through garage ADU conversion, this asset blends immediate cash flow with long-term upside.
Presented By: Michael R. Fukushima with Keller Williams Los Angeles;

Interior Features for 1207 W 37th Place

Bedrooms

Total Bedrooms14

Bathrooms

Half Baths0
Total Baths13
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 1207 W 37th Place

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.0
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
DirectionsFrom Downtown, start on Harbor Freeway, then keep right onto I-10 West. Keep right towards California Science Center, and keep right onto Vermont Ave. Turn left onto S Vermont Ave, then turn right onto W
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income261600.0
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7001.0
Lot Size UnitsSquareFeet
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income187320.0
New ConstructionNo
Number Of Units Total3
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1901
ZoningLARD2

Exterior for 1207 W 37th Place

Building Area Total5372.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1607
Lot Size Area7001.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesGated
Private PoolNo
SpaNo
Total Parking3.0
Waterfront Y/NNo

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $3,100,000
MLS#25546991
List Date 06/04/2025
Property Type Multi-Family
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