1375 W 37th Dr , Los Angeles, CA 90007
$1,425,000
Est. Payment: $7,488.99/mo
11 Bed
6 Bath
3472 Sqft
0.14 Acres
Status: active | Days on site: 8
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CLW-X74054 - CLW-C136898
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House Description

Welcome to 1375 W. 37th Drive, a high-performing student housing investment near the University of Southern California (USC), combining strong in-place income, a proven rental history, and additional upside. The property features 11 bedrooms and 6 bathrooms across two residences, along with 4 on-site parking spaces. The front residence is a renovated 4-bedroom, 2-bathroom home, while the rear 7-bedroom, 4-bathroom residence was built in 2018. Together, the two residences have been successfully operated as rent-by-the-room student housing, currently generating $12,255 per month and $147,060 annually, resulting in a 6.82% current cap rate. One of the property's strongest attributes is its rental track record, with total rental income increasing each of the past four years. The rent-by-the-room configuration has created a proven income stream while still offering additional upside through future rental growth and optimization of the existing bedroom configuration. Additionally, the property is located within the USC DPS Patrol Zone, providing an added benefit for student renters seeking housing near campus. With newer rear construction, a renovated front residence, four parking spaces, and an established history as a student rental, 1375 W. 37th Drive offers a compelling combination of current yield and future upside in the USC rental market, with convenient access to USC, USC Village, Exposition Park, and the Metro E Line.

Highlights

Listed by Adam Shamooelian , 310-658-2668 Keller Williams Beverly Hills , 310-432-6400. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

2018

County

Los Angeles

Area

C34 - Los Angeles Southwest

Listing ID

26997821

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:11
  • ▪ Bathrooms:6

Exterior Features

Lot:No Land Lease
Lot Dimensions:45x132
Garage Capacity:4
Zoning:LARD2
Others:
  • ▪ Additional:2+ Total Units
Principal Interest
$7,489
Taxes
$908

Home Price

$1,425,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$285,000
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:
$7,488.99

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,488.99 $908.44 $0.00 $8,397.43
Yearly $89,867.86 $10,901.25 $0.00 $100,769.11
Total $2,696,035.85 $327,037.50 $0.00 $3,023,073.35

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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Current Listings

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Nov 2026

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Average Days on Market

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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: 2026-11-06T23:30:37.000Z

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