REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Jan

Sat

Jan

Sun

Feb

Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,995,000

Est. payment - /mo

18 Beds

9 Baths

6,734 SqFt

Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,734 sqft

Price per Sqft $444

MLS Listing ID 25619343

Bedrooms 18

HOA Y/N No

Year Built 1964

Lot Size 7,252 Sqft

Property Description

We are pleased to present the exclusive opportunity to acquire this beautifully updated, modern nine-unit (18-bedroom) student housing apartment community located within the highly desirable DPS Patrol Zone, just a block from the University of Southern California (USC). This turnkey investment has undergone approximately $400,000 in recent capital improvements, creating a high-quality, low-maintenance asset positioned for long-term stability. Upgrades include new hardwood and vinyl flooring throughout, modern kitchen and bathroom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, toilets, tubs, and tile finishes, and fresh interior and exterior paint. Major building systems have also been replaced or enhanced, including a new roof, new copper plumbing, dual-pane energy-efficient windows, a high-efficiency central water heater, and a complete sewer line replacement with PVC piping. Additional improvements include a secured entry gate for resident safety and the completed Los Angeles mandated earthquake retrofit, featuring foundation anchoring, shear wall reinforcement, and steel frame strengthening for full seismic compliance. Each unit features furnished bedrooms, stainless steel appliances, quartz countertops, and tiled showers with glass enclosures, showcasing modern finishes and thoughtful design throughout. The property is individually metered for gas, electricity, and water, reducing ownership expenses and improving efficiency. The building totals 6,734 rentable square feet on a 7,250-square-foot lot, consisting of (1) one-bedroom + one-bathroom unit, (1) three-bedroom + one-bathroom unit, and (7) two-bedroom + one-bathroom units. Each unit offers a spacious layout ideal for student tenants. The property is 100% occupied with USC students and fully leased for the 2025 - 2026 academic year, generating a gross income of $20,255 per month. With parental guarantees on leases and a consistent record of near 100% occupancy, the asset represents a low-risk, turnkey investment offering stable returns and strong operating fundamentals. Priced at a 6.5% cap rate and 12x GRM, this property delivers both dependable cash flow and long-term appreciation potential in one of Los Angeles' most sought-after rental markets.Additional amenities include on-site laundry facilities for supplemental income and secure gated access for enhanced resident safety.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD2

Interior

Heating Combination

Cooling Dual

Fireplace No

Appliance Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Gated, Private

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5040015010

Special Listing Condition Standard

Read Less Info

Listed by Davis Saadian Keller Williams Hollywood Hills

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Equitas Academy Charter

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
8

Hoover Street Elementary

Public | KG - 5
8

Global Education Academy

Public | KG - 5
8

Synergy Charter Academy

Public | KG - 5
8

Celerity Dyad Charter

Public | KG - 8
7

New Heights Charter

Public | KG - 8
7

Aspire Juanita Tate Academy

Public | KG - 6
7

Equitas Academy Charter #2

Public | 5 - 8
6

Wilshire Park Elementary

Public | KG - 5
6

Menlo Avenue Elementary

Public | KG - 5
6

Downtown Value

Public | KG - 8
6

Thirty-Second Street Usc Performing Arts

Public | KG - 12
6

Center for Advanced Learning

Public | KG - 5
6

20th Street Elementary School

Public | KG - 5
5

City Charter Elementary School

Public | KG - 5
5

Celerity Nascent Charter

Public | KG - 8
5

Kipp Academy of Opportunity

Public | 5 - 8
5

Wilton Place Elementary

Public | KG - 5
5

Bright Elementary School

Public | KG - 5

Middle Schools 20

8

Rise Kohyang Middle School

Public | 6 - 8
7

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

Public | 6 - 12
6

John Burroughs Middle School

Public | 6 - 8
6

Alliance Ouchi-O'Donovan 6-12 Complex

Public | 6 - 12
6

New Designs Charter

Public | 6 - 12
5

Pico Pico Middle School

Public | 6 - 8
4

Foshay Learning Center

Public | 6 - 12
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
4

Alliance College-Ready Middle Academy No. 12

Public | 6 - 8
4

John Adams Middle School

Public | 6 - 8
4

Thomas Alva Edison Middle School

Public | 6 - 8
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
2

Bethune Middle School

Public | 7 - 8
1

Audubon Middle School

Public | 6 - 8
1

View Park Preparatory Accelerated Charter Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Horace Mann Junior High School

Public | 6 - 8
1

Barack Obama Global Preparation Academy

Public | 6 - 8
1

Global Education Academy Middle School

Public | 6 - 8

High Schools 20

9

Alliance Dr. Olga Mohan High School

Public | 9 - 12
9

Downtown Business High School

Public | 9 - 12
8

Wallis Annenberg High School

Public | 9 - 12
8

Alliance College-Ready Academy High No. 5

Public | 9 - 12
8

Orthopaedic Hospital

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
7

Animo Jackie Robinson High School

Public | 9 - 12
7

Alliance College-Ready Academy High No. 16

Public | 9 - 12
7

Student Empowerment Academy

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
6

Usc Hybrid High School

Public | 9 - 12
5

View Park Preparatory Accelerated High School

Public | 9 - 12
5

Alliance Renee and Meyer Luskin Academy High School

Public | 9 - 12
5

Belmont Sh-la Teacher Preparatory Academy

Public | 9 - 12
5

Camino Nuevo Charter High School

Public | 9 - 12
5

Public Service Community High School - Diego Rivera Learning Complex

Public | 9 - 12
5

Roybal Learning Center

Public | 9 - 12
4

RFK Community Schools - Los Angeles High School of the Arts

Public | 9 - 12
4

Synergy Quantum Academy

Public | 9 - 12

School and business data provided by Attom Data.

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(818) 221-2921

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

1250 W 37th ST Los Angeles, CA 90007