Listing Detail

Los Angeles, CA 90007 1234 W 37TH Drive

1234 W 37TH Drive Los Angeles, CA - Image 11234 W 37TH Drive Los Angeles, CA - Image 21234 W 37TH Drive Los Angeles, CA - Image 3
11 more
1234 W 37TH Drive Los Angeles, CA - Image 41234 W 37TH Drive Los Angeles, CA - Image 51234 W 37TH Drive Los Angeles, CA - Image 61234 W 37TH Drive Los Angeles, CA - Image 71234 W 37TH Drive Los Angeles, CA - Image 81234 W 37TH Drive Los Angeles, CA - Image 91234 W 37TH Drive Los Angeles, CA - Image 101234 W 37TH Drive Los Angeles, CA - Image 111234 W 37TH Drive Los Angeles, CA - Image 121234 W 37TH Drive Los Angeles, CA - Image 131234 W 37TH Drive Los Angeles, CA - Image 141234 W 37TH Drive Los Angeles, CA - Image 15
Presented By: Handoko Chen with Growth Investment Group Pasade; han.chen@growthinvestmentgroup.com
  • MLS# AR25197309
  • 09/02/2025
  • Request Tour
  • Request Info
  • Beds • 5
  • Full/Half Baths • 4 / 1
  • SQFT • 1,450

Home Details

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.
Presented By: Handoko Chen with Growth Investment Group Pasade; han.chen@growthinvestmentgroup.com

Interior Features for 1234 W 37TH Drive

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesFamilyRoom
Fireplace Y/NYes
FlooringLaminate, Vinyl, Wood
Heating Y/NYes
Laundry FeaturesCommonArea, WasherHookup, GasDryerHookup
Total Stories1

Other Rooms

Entry Level1

General for 1234 W 37TH Drive

Additional Parcels Y/NNo
AppliancesFreezer, Disposal, GasRange, Microwave, Refrigerator, Dryer, Washer
Architectural StyleBungalow
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.95
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
Construction MaterialsWoodSiding
CoolingWallWindowUnits
CountyLos Angeles
Current FinancingConventional
Directions1 BLOCK NORTH OF EXPOSITION BLVD AND 1 BLOCK WEST OF VERMONT AVE
DisclosuresRentControl
ElectricStandard
Entry Location1
Facing DirectionNorth
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income75600.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense650.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet3880.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense600.0
MobileHomeRemainsYNNo
Net Operating Income58452.0
New ConstructionNo
Number Of Units Total1
Number of Units Leased1
Open Parking Spaces4.0
Operating Expense15636.0
Pool FeaturesNone
PossessionCloseOfEscrow
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalSingleFamilyResidence
Property SubtypeSingleFamilyResidence
Property TypeResidentialIncome
Rent Control Y/NYes
RoofAsbestosShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount13867.0
Tax Lot0
Taxes$13,867
Tenant PaysAllUtilities, Electricity, Gas, Sewer, Telephone, Water
Total Actual Rent6300.0
Trash Expense0.0
UtilitiesCableConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense0.0
Year Built1909
Year Built SourceAssessor

Exterior for 1234 W 37TH Drive

Building Area Total1450.0
Crops Included Y/NNo
FencingWroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPublicTransit, RectangularLot, StreetLevel
Lot Size Acres0.0891
Lot Size Area3880.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesAssigned, Concrete
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Roger Jarnigan

Realtor®
Price $1,180,000
MLS#AR25197309
List Date 09/02/2025
Property Type Multi-Family
Phone 818.521.4535
Request Tour
Request Info
Visit My Website

Similar Properties to 1234 W 37TH Drive

Scroll to Top