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1287 W 37th Place, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:CENTURY 21 Coastal Properties
1287 W 37th Place,Los Angeles, CA 90007
$3,250,000
  • 20 Beds
  • 11 Baths
  • 7,162 sq. ft.
  • Multi-family
  • Active
Listed by: davis saadian
Office: keller williams hollywood hills310-623-1300
MLS#:26914391
Source:CRMLS

Price summary

  • Price:$3,250,000
  • Price per sq. ft.:$453.78

About this home

We are pleased to present "The Bryce", a 9-unit, 20-bedroom student housing apartment complex located within the highly desirable Department of Public Safety (DPS) Patrol Zone, approximately one block West of the USC campus & Village. Built in 1965, the property sits on a 6,970 square foot lot with approximately 7,162 square feet of building area and offers 9 gated on-site parking spaces. The property is currently 100% leased and generates $25,000/month of gross income, comprised of $24,850 in scheduled rental income plus approximately $150 in laundry income, representing $300,000 in scheduled annual income. At the offering price, the investment provides an attractive 7.5% current cap rate and a 10.9x current gross rent multiplier (GRM). Approximately $500,000 has been invested in capital improvements for this property. The entire property has been extensively renovated with improvements that include updated kitchens, bathrooms and bedrooms; copper plumbing upgrades; electrical system...

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Home facts

  • Year built:1965
  • Listing ID #:26914391
  • Added:21 day(s) ago
  • Updated:September 21, 2026 at 11:04 AM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:11
  • Kitchen Description:Disposal, Refrigerator
  • Living area:7,162 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Electric, Heat Pump

Structure and exterior

  • Year built:1965
  • Building area:7,162 sq. ft.
  • Lot area:0.16 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,250,000
  • Price per sq. ft.:$453.78

Features and amenities

  • Appliances:Disposal, Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:9
  • Parking description:Gated, Private
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Coastal Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Coastal Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Jennette Toderick

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