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$ 3,900,000
Est. payment | /mo
7,867 SqFt
$ 3,900,000
Est. payment | /mo
7,867 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 7,867 sqft
Price per Sqft $495
MLS Listing ID CL25563433
HOA Y/N No
Year Built 2020
Lot Size 6,820 Sqft
Acres 0.16
Property Sub-Type Comm Ind For Sale
Property Description
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.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Fireplace No
Exterior
Total Parking Spaces 2
Building
New Construction No
Others
Tax ID 5040010010

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Listed by Benjamin Lee • Marcus & Millichap