$1,425,000
 $7,650 est/mo Sourced by Back At You

1375 W 37th Drive,Los Angeles, CA 90007

Los Angeles, CA 90007

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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.

Details

MLS #26997821
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2018
Days On Site32
Listing Provided ByKeller Williams Beverly Hills | Adam Shamooelian

Features

Bed(s)11
Bath(s)6
SQ Feet3,472
Story(s)2
Units2
Building(s)2
ZoningLARD2
Acreage0.14

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90007
AreaC34 Los Angeles Southwest
Listing VS Median (in 90007)
Price:
$1,425,000
low | high
Med:
$6,123
100% of Average
sqft:
3,472
low | high
Med:
4,823
11.103110599078% of Average
$ / sqft:
$410
low | high
Med:
$3
100% of Average
On site:
32
low | high
Med:
111
28.828828828829% of Average
Sourced by Back At You

Market Activity 90007

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Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90007
AreaC34 Los Angeles Southwest
Listing VS Median (in 90007)
Price:
$1,425,000
low | high
Med:
$6,123
100% of Average
sqft:
3,472
low | high
Med:
4,823
11.103110599078% of Average
$ / sqft:
$410
low | high
Med:
$3
100% of Average
On site:
32
low | high
Med:
111
28.828828828829% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.068M - $1.781M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
1311 W 38th Property Photo 1
$1,375,000
1311 W 38th
Los Angeles, CA 90062
Listing Updated: October 7, 2026 at 11:39:08 AM PDT