The Ben Lee Group of Marcus & Millichap is pleased to present 1340 W 37th St, a fully leased, newly constructed 20-bed student housing property located just west of USC, within the Department of Public Safety (DPS) patrol zone. Built by a leading student housing developer, the property is purpose-designed for student living and is fully pre-leased for the 2025–2026 academic year. USC enrolls nearly 50,000 students, with approximately 60% living off-campus—creating consistent, long-term rental demand in one of LA’s most stable submarkets. The building includes two 6-bed/6-bath units and two 4-bed/4-bath units—each fully furnished with in-unit laundry, large kitchens, and student-focused amenities such as WiFi, bi-weekly cleaning, 24/7 maintenance, and curated resident events. The oversized layouts outperform traditional floorplans and are typically the first to lease each season. At the asking price, the asset delivers a 6.64% CAP rate and 10.05 GIM, with immediate cash flow and a built-in leasing advantage. The property also qualifies for 100% bonus depreciation, making it an ideal fit for a high-net-worth individual or family office seeking a combination of yield and tax shelter tied to a top-tier university. Walking distance to USC Village and the Expo/Vermont Metro Station, 1340 W 37th St offers a rare opportunity to acquire a passive, recession-resistant asset in the heart of USC’s off-campus housing market.