Properties

Los Angeles, CA 90007 1250 W 37th Street

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Presented By: Davis Saadian with Keller Williams Hollywood Hills;
  • MLS# 26671171
  • 04/01/2026
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  • Beds • 18
  • Baths • 1
  • SQFT • 6,734

Home Details

We are proud to present the exclusive opportunity to acquire this beautifully updated, modern 9-unit, 18-bedroom student housing apartment complex located within the highly desirable DPS Patrol Zone, just a block from the University of Southern California (USC) & University Village. This turnkey investment has undergone approximately $400,000 in recent capital improvements, creating a high-quality, low-maintenance asset positioned for long-term stability. Upgrades include new hardwood and vinyl flooring throughout, modern kitchen and bathroom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, toilets, tubs, and tile finishes, and fresh interior and exterior paint. Major building systems have also been replaced or enhanced, including a new roof, new copper plumbing, dual-pane energy-efficient windows, a high-efficiency central water heater, and a complete sewer line replacement with PVC piping. Additional improvements include a secured entry gate for resident safety and the completed Los Angeles mandated earthquake retrofit, featuring foundation anchoring, shear wall reinforcement, and steel frame strengthening for full seismic compliance. Each unit features furnished bedrooms, stainless steel appliances, quartz countertops, and tiled showers with glass enclosures, showcasing modern finishes and thoughtful design throughout. The property is individually metered for gas, electricity, and water, reducing ownership expenses and improving efficiency. The building totals 6,734 rentable square feet on a 7,250-square-foot lot, consisting of (1) one-bedroom + one-bathroom unit, (1) three-bedroom + one-bathroom unit, and (7) two-bedroom + one-bathroom units. Each unit offers a spacious layout ideal for student tenants.The property is 100% occupied with USC students and fully leased for the 20252026 academic year, generating a gross income of $20,255 per month. With parental guarantees on leases and a consistent record of near 100% occupancy, the asset represents a low-risk, turnkey investment offering stable returns and strong operating fundamentals. Priced at a 6.75% cap rate and 12x GRM, this property delivers both dependable cash flow and long-term appreciation potential in one of Los Angeles' most sought-after rental markets. Additional amenities include on-site laundry facilities for supplemental income and secure gated access for enhanced resident safety. Email listing agent for the Executive Summary/ Financial Analysis.
Presented By: Davis Saadian with Keller Williams Hollywood Hills;

Interior Features for 1250 W 37th Street

Bedrooms

Total Bedrooms18

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16

Other Interior Features

Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
Interior AmenitiesCeiling Fan(s)
Total Stories2

General for 1250 W 37th Street

AppliancesDishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Cap Rate6.75
CityLos Angeles
CoolingDual
CountyLos Angeles
Directions1250 W. 37th Street | Los Angeles, CA 90007
Full Baths
Gross Income243060
HOANo
HeatingCombination
LevelsTwo
Living Area6734
Lot Size Square Feet7252
Lot Size UnitsSquare Feet
MLS AreaC34 - Los Angeles Southwest
Net Operating Income194575
New ConstructionNo
Number Of Units Total9
Occupancy TypeTenant
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1964
ZoningLARD2

Exterior for 1250 W 37th Street

Building Area Total6734
Lot Size Acres0.1665
Lot Size Area7252
Number of Buildings1
Parking FeaturesGated, Private
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 $2,885,000
MLS#26671171
List Date 04/01/2026
Property Type Multi-Family
Phone 888.795.6274
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