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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
91 Beds
- 40 Baths
31,248sqft
1216 W 37Th Pl, Los Angeles, CA 90007
$15,495,000
$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...
Continue Reading- Houzeo last checked: 9 minutes ago
- Listing updated: September 13, 2026 at 5:59 pm
- Source: California Regional MLS-CA | MLS#: 26913893

Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
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
| Date | Event | Price |
|---|---|---|
08/30/2026 Source: | Listed for Sale | $15,495,000 $496/sqft |
Exposition Park Ranks #157 in Los Angeles, CA
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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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