Properties

Los Angeles, CA 90007 1344 W 37th Place

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Presented By: Benjamin Lee with Lyon Stahl Investment Real Estate, Inc.;
  • MLS# 26656429
  • 02/24/2026
  • Get pre-approved
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  • Beds • 18
  • Baths • 18
  • SQFT • 5,740

Home Details

We are pleased to present 1344 W 37th Pl, a premier 2021-constructed student housing investment opportunity located just west of USC within the university's 24-hour DPS patrol zone. Purpose-built to capture the robust demand from USC's 46,000+ students, 65% of whom live off-campus, the property offers three units each with 6 bedrooms and 6 bathrooms. Each unit features high-end finishes, quartz countertops, stainless steel appliances, central HVAC, and in-unit laundry, and individually metered for all utilities: gas, electricity, & water. Each unit has only two floors and offers spacious open layouts, designed to promote maximum comfort for the students. The property is ideally situated within walking distance to University Park and near the Expo/Vermont Metro Station providing easy access to Downtown Los Angeles, Mid-City, and the Westside. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is fully occupied by USC students and offers a strong 7.23% current cap rate and 9.71 GIM with a monthly scheduled gross income of $28,764, allowing investors to maximize returns in one of Los Angeles' most stable rental submarkets. In addition to its strong fundamentals, the property qualifies for 100% bonus depreciation, creating a unique opportunity for investors to maximize early tax benefits through cost segregation. This combination of modern construction, durable student demand, and excellent operating fundamentals makes 1344 W 37th Pl ideal for any HNW individual or family office seeking a combination of yield, tax shelter, and long-term appreciations.
Presented By: Benjamin Lee with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 1344 W 37th Place

Bedrooms

Total Bedrooms18

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths18

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Total Stories2

General for 1344 W 37th Place

AppliancesDishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Cap Rate7.23
CityLos Angeles
Community FeaturesGated
CoolingCentral Air
CountyLos Angeles
DirectionsLocated within the USC DPS patrol zone, West of the campus. A short walk from University Park.
Full Baths
Gross Income345168
HOANo
HeatingCentral
LevelsTwo
Living Area5740
Lot Size Square Feet6602
Lot Size UnitsSquare Feet
MLS AreaC34 - Los Angeles Southwest
Net Operating Income242272
New ConstructionYes
Number Of Units Total3
Occupancy TypeTenant
Open Parking Spaces6
PostalCityLOS ANGELES
Property TypeResidential Income
Security FeaturesCarbon Monoxide Detector(s), Fire Detection System, Gated Community, Resident Manager, Smoke Detector(s)
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tenant PaysElectricity, Gas, Trash Collection, Water
Year Built2021
ZoningLARD2

Exterior for 1344 W 37th Place

Building Area Total5740
Lot Size Acres0.1516
Lot Size Area6602
Number of Buildings2
Parking FeaturesUncovered
Total Parking6

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,350,000
MLS#26656429
List Date 02/24/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
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Request Info
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