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1234 W 37TH Drive

Los Angeles (City), CA 90007
  • $1,080,000
  • STATUS: Active
  • ON SITE: 92 Days
  • ID#: AR25197309
UPDATED: 36 min ago
$1,080,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1909
County:

School Ratings & Info

Listing Agent(s): Handoko Chen of Growth Investment Group Pasade (626-594-4900)


Description

MAKE SURE TO DOWNLOAD SUPPLEMENTAL OM.5 Bedroom USC Student Housing a block away from USC and within USC Patrol Zone. Consistent and High Demand for Student Housing, nearby many New Student Housing Constructions, Higher Density RD2 Zoning. Located just one block from the University of Southern California (USC) and within USC Patrol Zone, this rare asset is a 5 bedroom + 4.5-bathroom single-family residence (SFR) that has served as reliable student housing for decades. With its superior student housing location, this investment offers a safe and stable student housing investment with guaranteed demand from USC students/alumni. The property is a single-family house that features 1,450 sq ft of living space on a 3,879 sq ft lot (zoned RD2). Built in 1909 and recently renovated, this property features modern amenities including hardwood floors throughout, A/C units and ceiling fans in every bedroom, an in-unit washer/dryer and gated parking for up to 4-5 vehicles " ideal for student tenants seeking convenience and comfort. The owner just completed additions of 2 bathrooms to the property and the house is currently listed for rent at $6,300 per month. Each bedroom has a thorough-the-wall A/C, ceiling fans, and wall heating. 2 bedrooms have a jack-and-jill bathroom, and 2 bedrooms have en-suite bathroom (shower stall). The kitchen has been updated with granite countertop, has 2 refrigerators, a gas stove, and a microwave. This property is situated within the USC Patrol Zone, providing enhanced safety and security - a MAJOR selling point to both students and parents. The proximity to the campus, local dining, public transportation, and entertainment options make it highly desirable for student tenants. This area historically maintains high occupancy rates and rental demand, even during market fluctuations. At a 4.95% CAP rate, this property delivers stable cash flow and predictable returns. As an established student housing asset this SFR benefits from decades of operational history, ensuring low vacancy rates and steady cash flow in a neighborhood undergoing transformation with modern developments. Given the strong demand and limited nearby supply of multi-bedroom rentals, there is potential for rental growth and increased property appreciation over time, enhancing total return on investment.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T16:32:22.393. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/167530442
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1234 W 37TH Drive Los Angeles (City), CA 90007

  • Price: $1,080,000
  • Status: Active
  • On Site: 92 Days
  • Updated: 36 min ago
  • ID#: AR25197309
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1909
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
MAKE SURE TO DOWNLOAD SUPPLEMENTAL OM.5 Bedroom USC Student Housing a block away from USC and within USC Patrol Zone. Consistent and High Demand for Student Housing, nearby many New Student Housing Constructions, Higher Density RD2 Zoning. Located just one block from the University of Southern California (USC) and within USC Patrol Zone, this rare asset is a 5 bedroom + 4.5-bathroom single-family residence (SFR) that has served as reliable student housing for decades. With its superior student housing location, this investment offers a safe and stable student housing investment with guaranteed demand from USC students/alumni. The property is a single-family house that features 1,450 sq ft of living space on a 3,879 sq ft lot (zoned RD2). Built in 1909 and recently renovated, this property features modern amenities including hardwood floors throughout, A/C units and ceiling fans in every bedroom, an in-unit washer/dryer and gated parking for up to 4-5 vehicles " ideal for student tenants seeking convenience and comfort. The owner just completed additions of 2 bathrooms to the property and the house is currently listed for rent at $6,300 per month. Each bedroom has a thorough-the-wall A/C, ceiling fans, and wall heating. 2 bedrooms have a jack-and-jill bathroom, and 2 bedrooms have en-suite bathroom (shower stall). The kitchen has been updated with granite countertop, has 2 refrigerators, a gas stove, and a microwave. This property is situated within the USC Patrol Zone, providing enhanced safety and security - a MAJOR selling point to both students and parents. The proximity to the campus, local dining, public transportation, and entertainment options make it highly desirable for student tenants. This area historically maintains high occupancy rates and rental demand, even during market fluctuations. At a 4.95% CAP rate, this property delivers stable cash flow and predictable returns. As an established student housing asset this SFR benefits from decades of operational history, ensuring low vacancy rates and steady cash flow in a neighborhood undergoing transformation with modern developments. Given the strong demand and limited nearby supply of multi-bedroom rentals, there is potential for rental growth and increased property appreciation over time, enhancing total return on investment.
Exterior Features

Architectural Style Bungalow Carport Spaces 0 Construction Materials Wood Siding Direction Faces North Entry Level 1 Entry Location 1 Fencing Wrought Iron Lot Features Near Public TransitRectangular LotStreet Level Number Of Separate Electric Meters 1 Open Parking Spaces 4 Parking Features AssignedConcrete Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Roof Asbestos Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Appliances FreezerDisposalGas RangeMicrowaveRefrigeratorDryerWasher Common Walls No Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features Family Room Fireplace YN Yes Flooring LaminateVinylWood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.5 Common Interest Community Apartment Community Features Urban Current Financing Conventional Disclosures Rent Control Electric Standard Fuel Expense 0 Garage YN No Gross Income 75600 Gross Scheduled Income 75600 Insurance Expense 650 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 600 Net Operating Income 59627 New Construction YN No New Taxes Expense 12692 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 14461 Possession Close Of Escrow Property Sub Type Single Family Residence Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 13867 Tenant Pays All UtilitiesElectricityGasSewerTelephoneWater Total Actual Rent 6300 Trash Expense 0 Utilities Cable ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 1512 Vacancy Allowance Rate 2 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T16:32:22.393. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Handoko Chen of Growth Investment Group Pasade (626-594-4900)