1318 W 35th Place,Los Angeles, CA 90007
Los Angeles, CA 90007
Description
We are pleased to present 1318 W. 35th Place, a 3-unit student housing and redevelopment investment located within the prestigious DPS patrol zone and within walking distance to the Campus and USC Village. The property will be delivered 100% vacant, providing an investor with the flexibility to immediately renovate, reposition, lease, or redevelop the asset. The investment is situated on an approximately 6,803-square-foot LARD1.5-zoned lot and features three spacious residences totaling 7-bedrooms and 5-bathrooms across approximately 2,879 square feet. The unit mix consists of (1) 4-bedroom + 3-bathroom unit, (1) 1-bedroom + 1-bathroom unit, and (1) 2-bedroom + 1-bathroom unit. The property will be delivered 100% vacant and fully furnished, providing a new owner with a turnkey opportunity to immediately lease the units to USC students at market rents. Based on projected rents, the existing unit mix offers the potential to generate approximately $10,000 in monthly gross rental income following lease-up. The property offers convenient access to USC Village, Trader Joe's, Target, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Natural History Museum, the California Science Center, dining, shopping, and the Metro E Line.With 100% vacant delivery, a flexible existing unit mix, strong projected rental potential, and multiple value-add and redevelopment strategies, 1318 W. 35th Place represents a compelling opportunity to acquire a well-located student housing investment in the highly desirable USC submarket. Please contact the listing agent for the financial analysis and executive summary.
Details
| MLS # | 26990815 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 40 |
| Listing Provided By | Keller Williams Hollywood Hills | Davis Saadian |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 2,879 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.16 |
Interior
| Cooling | Electric, Heat Pump |
|---|---|
| Heating | Electric, Heat Pump, Zoned |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Disposal, Microwave, Refrigerator, Dryer, Washer |
Parking
| Parking Features | Gated, Private |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $1,350,000 low | high Med: $5,995 sqft: 2,879 low | high Med: 1,348 $ / sqft: $469 low | high Med: $4 On site: 40 low | high Med: 206 | |
Market Activity 90007
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $1,350,000 low | high Med: $5,995 sqft: 2,879 low | high Med: 1,348 $ / sqft: $469 low | high Med: $4 On site: 40 low | high Med: 206 | |
 | $1,100,0001379 W 37th PlaceLos Angeles, CA 90007 |