1340 W 37th St Los Angeles, CA 90007
Exposition Park NeighborhoodEstimated payment $24,277/month
Total Views
902
20
Beds
20
Baths
7,867
Sq Ft
$496
Price per Sq Ft
Highlights
- New Construction
- Built-In Features
- Tankless Water Heater
- Fireplace in Bathroom
- Card or Code Access
- Central Heating
About This Home
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 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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,112
Year Built
- Built in 2020 | New Construction
Lot Details
- 6,820 Sq Ft Lot
- Lot Dimensions are 47x145
- Gated Home
Home Design
- Split Level Home
Interior Spaces
- 7,867 Sq Ft Home
- 2-Story Property
- Built-In Features
- Family Room with Fireplace
- Living Room with Fireplace
- Dining Room with Fireplace
Kitchen
- Oven or Range
- Freezer
- Dishwasher
- Disposal
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 20 Bedrooms
- 20 Bathrooms
- Fireplace in Bathroom
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Security Lights
- Alarm System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Parking
- 2 Parking Spaces
- Driveway
Utilities
- Central Heating
- Tankless Water Heater
Listing and Financial Details
- Assessor Parcel Number 5040-010-010
Community Details
Overview
- 2 Buildings
- 4 Units
Security
- Card or Code Access
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 |
|---|---|---|---|---|
| 2024 | $32,112 | $2,613,135 | $787,423 | $1,825,712 |
| 2023 | $11,836 | $964,980 | $771,984 | $192,996 |
| 2022 | $11,288 | $946,060 | $756,848 | $189,212 |
| 2021 | $11,152 | $927,510 | $742,008 | $185,502 |
| 2020 | $12,168 | $918,000 | $734,400 | $183,600 |
| 2019 | $7,276 | $291,660 | $262,493 | $29,167 |
| 2018 | $3,609 | $285,943 | $257,347 | $28,596 |
| 2016 | $3,451 | $274,841 | $247,354 | $27,487 |
| 2015 | $3,403 | $270,714 | $243,639 | $27,075 |
| 2014 | $3,372 | $261,137 | $208,490 | $52,647 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $3,900,000 | -- | $496 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $900,000 | Provident Title Company | |
| Interfamily Deed Transfer | -- | Provident Title Company | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Gateway Title | |
| Interfamily Deed Transfer | -- | American Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | Commercial | |
| Closed | $886,500 | Construction | |
| Previous Owner | $32,600 | Credit Line Revolving | |
| Previous Owner | $405,000 | Unknown | |
| Previous Owner | $342,000 | Unknown | |
| Previous Owner | $300,000 | Negative Amortization | |
| Previous Owner | $46,300 | Credit Line Revolving | |
| Previous Owner | $193,800 | Unknown | |
| Previous Owner | $187,000 | New Conventional | |
| Previous Owner | $128,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: The MLS
MLS Number: 25563791
APN: 5040-010-010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 1325 W 37th Place
- 1366 W 37th Place
- 1444 W 37th St
- 1254 Exposition Blvd
- 1254 W 36th St
- 1465 W 37th Place
- 1327 Exposition Blvd
- 1468 W 37th St
- 1451 W 37th Dr
- 1286 W 35th Place
- 1270 W 35th Place
- 1207 W 37th Place
- 1481 W 37th St
- 1464 W 36th St
- 1351 Exposition Blvd
- 1109 Exposition Blvd
- 3653 Halldale Ave
- 1408 W 35th St
- 3771 S Catalina St
- 1227 Rolland Curtis Place Unit 1227 1/2
- 1333 W 37th St
- 3702 S Island Way
- 1329 W 37th Dr
- 1353 W 36th Place Unit 1
- 1321 W 36th Place
- 1315 W 36th Place
- 1377 W 36th Place
- 1299 W 37th Dr
- 1299 W 36th Place
- 1336 W 37th Dr Unit 2
- 1336 W 37th Dr Unit 3
- 1358 W 36th St
- 1324 W 36th St
- 1372 W 36th St
- 1343 W 36th St Unit 1343 west 36th street
- 1283 W 36th St
- 1348 W 35th Place
- 1326 W 35th Place
- 1224 W 37th Place
- 1458 W 36th St