714-745-2708

1375 W 37th Drive, Los Angeles, CA 90007

$1,425,000 Approx. USD 11 beds, 6 baths
3,472 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Adam Shamooelian | Adam@shamooeliangroup.com
Lic#: 02116849
Broker: Courtesy of Keller Williams Beverly Hills
Phone: 310-658-2668

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26997821

Price: $1,425,000

Beds: 11

Baths: 6

Built in 2018

3,472 sqft

2 stories

0.14 acres

Lot size: 0.1365

County: Los Angeles

Zoning: LARD2

MLS area: C34 - Los Angeles Southwest

Last Updated: 10/8/2026

Days On Market (DOM): 3

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This listing belongs to the C34 - Los Angeles Southwest MLS area

Lat/Long: 34.019304, -118.299706.
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