For Sale
Multi family home for sale at 1216 W 37Th Pl, Los Angeles, CA 90007 | MLS# 26913893 | Listing updated on 2026-09-13
Photo 1 of Multi family home for sale at 1216 W 37Th Pl, Los Angeles, CA 90007 | MLS# 26913893 | Listing updated on 2026-09-13
Photo 2 of Multi family home for sale at 1216 W 37Th Pl, Los Angeles, CA 90007 | MLS# 26913893 | Listing updated on 2026-09-13
Photo 3 of Multi family home for sale at 1216 W 37Th Pl, Los Angeles, CA 90007 | MLS# 26913893 | Listing updated on 2026-09-13
Photo 4 of Multi family home for sale at 1216 W 37Th Pl, Los Angeles, CA 90007 | MLS# 26913893 | Listing updated on 2026-09-13
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Listed by: Davis Saadian (310) 402-8958 DRE #01921748 | Keller Williams Hollywood Hills (310) 623-1300

$15,495,000

Monthly Est:$77,124

  • Beds Icon91 Beds
  • Beds Icon
    40 Baths
  • Beds Icon31,248sqft

1216 W 37Th Pl, Los Angeles, CA 90007

$77,124/moEst:

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  • Multi Family

  • Built in 1959

  • $-- HOA

  • 33,800 sqft lot

  • $496/sq.ft

Description

We are pleased to present The 37th Place Portfolio, a rare opportunity to acquire a five-building, 36-unit, 91-bedroom USC student housing portfolio located within the highly desirable Department of Public Safety (DPS) Patrol Zone, approximately one block west of the USC campus. The portfolio is currently 100% leased for the 20262027 academic year and generates $106,607 in monthly gross income, representing $1,279,284 in scheduled annual income. At the offering price, the portfolio provides an attractive 6.5% current cap rate and a 12x current gross rent multiplier. These strong in-place operating metrics offer investors immediate cash flow from a stabilized student housi...

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  • Houzeo last checked: 9 minutes ago
  • Listing updated: September 13, 2026 at 5:59 pm
  • Source: California Regional MLS-CA | MLS#: 26913893 California Regional MLS-CA

Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    2

  • County

    Los Angeles County

  • City

    Los Angeles

  • Neighborhood

    Exposition Park

  • Year Built

    1959

  • HOA Fees

    -

  • Finished Area

    31,248 sqft

  • Lot Size

    33,800 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    California Regional MLS

  • MLS Number

    26913893

  • MLS Status

    Active

  • Days on Market

    20

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Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 91

    Bathrooms: 40

Interior

  • Appliances

    Dishwasher, Disposal, Refrigerator, Dryer, Washer

  • Cooling

    Electric, Heat Pump

  • Interior Features

    Ceiling Fans

  • Flooring

    Tile

  • Heating

    Electric, Heat Pump

Construction

  • Year Built

    Year Built: 1959

  • Home type

    Multi Family

  • Property Condition

    Updated Remodeled

Utilities & Energy

  • Parking Features

    Gated, Private

  • Security Features

    Carbon Monoxide Detectors, Fire Detection System, Security Gate, Smoke Detectors

Price History

DateEventPrice

08/30/2026

Source: mls_logoCalifornia Regional MLS-CA #26913893

Listed for Sale

$15,495,000

$496/sqft

Exposition Park Ranks #157 in Los Angeles, CA

Homes for sale
102

Homes

Rental prices
$1,655

Rental Prices

Median Home Price
$830K

Median Home Price

Exposition Park, Los Angeles, CA neighborhood guide

Based on information from California Regional Multiple Listing Service, Inc. as of Sep 20, 2026, 06:00AM and /or other sources. 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.

Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage

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