1340 W 37th Street Los Angeles, CA ^$ 3,900,000

1340 W 37th Street

^$ 3,900,000

Back to search

1340 W 37th Street

Los Angeles, CA, 90007

^$ 3,900,000

Bedrooms-- Baths-- Sq 7,867

Monthly Estimate*

^$ 24,331

Listed by Marcus & Millichap

View a Virtual Tour

Commercial Property for sale in Los Angeles, CA

for $3,900,000. This 7,867 square foot building was built in 2020 on a lot size of 0.1566.

We are pleased to present The Commons @ 37th, a fully leased 20-bed student housing property located just west of USC within the 24-hour DPS patrol zone. Built in 2020 by a top student housing operator, the property features oversized bedrooms, in-unit laundry, large kitchens, and modern amenities including bi-weekly cleaning, WiFi, and covered utilities. Fully leased through the 2025/2026 academic year, the asset offers a 6.64% CAP rate and 10.05 GIM at the asking price. Its location offers walkable access to USC, USC Village, and the Expo/Vermont Metro Station. With no deferred maintenance and strong in-place income, this is a rare opportunity to acquire a passive, recession-resistant asset in one of LA's most stable submarkets. The property also qualifies for 100% bonus depreciation, offering investors a compelling combination of yield, tax shelter, and long-term upside.

Commercial Active

Price

^$ 3,900,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.1566

Year Built

2020

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

25563433

Days on Market

174

Features

General

Zoning LARD2

HOA Fee 0

Security Features Fire Detection System Security Gate Key Card Entry Smoke Detector(s)

Year Built 2020

Building Name 1340 W 37th St

County Los Angeles

Net Operating Income 258945

Property Type Commercial Sale

Special Listing Conditions Standard

Status Active

Directions East of Normandie Ave north of Exposition Blvd within the USC DPS patrol zone. Just two blocks west of campus and a short walk to USC's Viterbi School of Engineering.

City Los Angeles

Number Of Units Total 4

MLS Area C34 - Los Angeles Southwest

Lot Size Units Square Feet

Lot Size Square Feet 6820

Standard Status Active

Cap Rate 6.64

Interior

Total Stories 2

Total Baths 0

Exterior

Total Parking 2

Lot Size Area 6820

Number of Buildings 2

Building Area Total 7867

Lot Dimensions 47x145

Lot Size Acres 0.1566

* Excluded Features

List By

Marcus & Millichap

Broker

Ben.Lee@marcusmillichap.com

Affordability Calculator

$24,331

Per Month

Monthly Principal & Interest: $24,331
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,751,765

Percent of Sale Price 29%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/25/2025	$3,900,000		Listed Price

Map

More homes like this one

homes for you

See all

1340 W 37th Street, Los Angeles, CA, 90007 is a Commercial Property for sale at $3,900,000 with 7,867 sqft and a lot size of 0.1566. 1340 W 37th Street was built in 2020. The property's zip code is 90007 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/31/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1340 W 37th Street

Commercial Property for sale in Los Angeles, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home