The Dorm That Dripped Blood (1982) aka Pranks aka Death Dorm was a student film that was shot over a Christmas break on the UCLA campus. Coming in the wake of Halloween and Friday The 13th, it managed to secure distribution thanks to the "slasher-craze".
The titular dorm is a co-op student housing building known as Hardman-Hansen Hall. It is located on Landfair Avenue on the UCLA campus, right near the intersection of Ophir Drive. They supposedly screen the film occasionally for the students who live there now. Just across the street is Robison Hall, also featured in the movie. Robison Hall is also part of UCLA's co-op housing.
Location: Westwood, Los Angeles, CA
Coordinates (Hardman-Hansen Hall): 34.068674, -118.450618
Coordinates (Robison Hall): 34.068361, -118.451114
Visible on Street View: Yes
This location was found on the IMDB boards, so credit goes to IMDB user dagmose.