1234 W 37th Dr Los Angeles, CA 90007
Exposition Park NeighborhoodEstimated payment $7,536/month
Total Views
369
5
Beds
5
Baths
1,450
Sq Ft
$814
Price per Sq Ft
Highlights
- Property is near public transit
- No HOA
- Laundry Room
- Wood Flooring
- Cooling System Mounted To A Wall/Window
- Bungalow
About This Home
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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.
Listing Agent
Growth Investment Group Pasade Brokerage Email: han.chen@growthinvestmentgroup.com License #01749321 Listed on: 09/02/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,867
Year Built
- Built in 1909
Lot Details
- 3,880 Sq Ft Lot
- Wrought Iron Fence
- Rectangular Lot
- Level Lot
Home Design
- Bungalow
- Asbestos Shingle Roof
- Wood Siding
Interior Spaces
- 1,450 Sq Ft Home
- 1-Story Property
- Family Room with Fireplace
Kitchen
- Gas Range
- Microwave
- Freezer
- Disposal
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Paved Parking
- Assigned Parking
Location
- Property is near public transit
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Standard Electricity
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 5040013020
- $268 per year additional tax assessments
- Seller Considering Concessions
Community Details
Building Details
- 1 Leased Unit
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
Additional Features
- No Home Owners Association
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,145 | $498,716 | $375,578 | $123,138 |
| 2024 | $6,145 | $488,938 | $368,214 | $120,724 |
| 2023 | $6,033 | $479,352 | $360,995 | $118,357 |
| 2022 | $5,760 | $469,954 | $353,917 | $116,037 |
| 2021 | $5,683 | $460,740 | $346,978 | $113,762 |
| 2019 | $5,516 | $447,077 | $336,688 | $110,389 |
| 2018 | $5,431 | $438,312 | $330,087 | $108,225 |
| 2016 | $5,188 | $421,293 | $317,270 | $104,023 |
| 2015 | $5,114 | $414,966 | $312,505 | $102,461 |
| 2014 | $5,138 | $406,838 | $306,384 | $100,454 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | For Sale | $1,180,000 | 0.0% | $814 / Sq Ft |
| 08/28/2025 08/28/25 | Price Changed | $5,450 | -13.5% | $4 / Sq Ft |
| 05/27/2025 05/27/25 | For Rent | $6,300 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Provident Title Co | |
| Grant Deed | $405,000 | Provident Title Co | |
| Grant Deed | $56,500 | Fidelity National Title Co | |
| Grant Deed | $415,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $487,200 | New Conventional | |
| Previous Owner | $266,250 | New Conventional | |
| Previous Owner | $41,500 | Stand Alone Second | |
| Previous Owner | $5,000 | Seller Take Back | |
| Previous Owner | $332,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25197309
APN: 5040-013-020
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