1250 W 37th St , Los Angeles, CA 90007
$2,885,000
Est. Payment: $14,568.40/mo
18 Bed
9 Bath
6734 Sqft
Status: active | Days on site: 124
Get Pre-Qualified
VCR-C15903466 - VCR-C159091383,VCR-C159052275

By providing your number, you are expressly consenting, in writing, to receive telemarketing and other messages, including calls or texts at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply. Text STOP to cancel.

This site is protected by reCAPTCHA and the GooglePrivacy Policy and Terms of Service apply.

House Description

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.

Highlights

Listed by Davis Saadian , 310-402-8958 Keller Williams Hollywood Hills , 310-623-1300. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.17

Year Built

1964

County

Los Angeles

Area

C34 - Los Angeles Southwest

Listing ID

26671171

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:18
  • Bathrooms:9
  • Full Bathrooms:0
Appliances:Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Air Cond:Dual
Fireplaces:
Floor:Tile
Other:Ceiling Fan(s)

Exterior Features

Lot:No Land Lease
Garage Capacity:6
Zoning:LARD2
Others:2+ Total Units
Parking Features:Gated,Private
Principal Interest
$14,568
Taxes
$1,839

Home Price

$2,885,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$577,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$14,568.40

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,568.40 $1,839.19 $0.00 $16,407.59
Yearly $174,820.84 $22,070.25 $0.00 $196,891.09
Total $5,244,625.23 $662,107.50 $0.00 $5,906,732.73

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Aug 2026

Average Price

All Price Ranges
N/A
Aug 2026

Average Days on Market

All Price Ranges
N/A
Aug 2026
Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-10T08:37:42.000Z

© 2026 CRMLS/Multi-Regional MLS

MLS Logo - CRMLS/Multi-Regional MLS