Property listed by Marcus & Millichap, Benjamin Lee 310-909-5450
$3,900,000
We are pleased to present The Commons @ 37th, a fully leased 20-bed student housing property located just west of USC within the 24-hour DPS patrol zone. Built in 2020 by a top student housing operator, the property features oversized bedrooms, in-unit laundry, large kitchens, and modern amenities including bi-weekly… Read More cleaning, WiFi, and covered utilities. Fully leased through the 2025/2026 academic year, the asset offers a 6.64% CAP rate and 10.05 GIM at the asking price. Its location offers walkable access to USC, USC Village, and the Expo/Vermont Metro Station. With no deferred maintenance and strong in-place income, this is a rare opportunity to acquire a passive, recession-resistant asset in one of LA's most stable submarkets. The property also qualifies for 100% bonus depreciation, offering investors a compelling combination of yield, tax shelter, and long-term upside Read Less
Listing Snapshot
Days Online
33
Last Updated
Property Type
Other
Beds
20
Square Ft.
7,867
Lot Size
0.16 Acres
Year Built
2020
MLS Number
25563791
30 Days Snapshot Of 90007
$1.14M
+82%
(avg) sold price
2
+100%
homes sold
38
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator, Dryer, Washer
Building
Built in 2020, Building area total: 7,867, Levels: Two, MultiSplit, Living area: 7867, 2 stories, 2 buildings
Community
Gated
Fireplaces
Bath, DiningRoom, FamilyRoom, Kitchen, LivingRoom
Heating
Central
Income
Gross income: $388,102, Net operating income: $258,945
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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