Skip To Content

1318 W 35th Place

Los Angeles (City), CA 90007
  • $1,555,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 24392393
$1,555,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,879
    SQFT
  • $540
    $/SQFT
Type:
Multi-Family
Built:
1908
County:

School Ratings & Info

Listing Agent(s): Davis Saadian of Carolwood Estates (310-623-3600)


Description

We are pleased to present the opportunity to acquire 1318 W. 35th Place, a three (3) unit student housing redevelopment investment, located in the desirable DPS Patrol Zone, and walking distance to the USC campus. This 6,800 SF lot offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development for an additional 2 units, totaling a potential 6 buildable units, plus the construction of ADU's to further increase cash-flow. Current income is $8,220/month. The asset presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns. The site allows an investor to capitalize on a densely populated, affluent, and gentrifying area that continues to experience rapid rent growth.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-25T00:33:15.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Stefanie Angel Team | Keller Williams Victor Valley. Licensed in the State of California, USA.
www.thestefanieangelteam.com/homes/150563961
Print Image

1318 W 35th Place Los Angeles (City), CA 90007

  • Price: $1,555,000
  • Status: Active
  • On Site: 9 Days
  • ID#: 24392393
7
Beds
0
Baths
0
½ Baths
0.16
Acres
2,879
SQFT
$540
$/SQFT
1908
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
We are pleased to present the opportunity to acquire 1318 W. 35th Place, a three (3) unit student housing redevelopment investment, located in the desirable DPS Patrol Zone, and walking distance to the USC campus. This 6,800 SF lot offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development for an additional 2 units, totaling a potential 6 buildable units, plus the construction of ADU's to further increase cash-flow. Current income is $8,220/month. The asset presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns. The site allows an investor to capitalize on a densely populated, affluent, and gentrifying area that continues to experience rapid rent growth.
Exterior Features

Other Structures Shed(s) Parking Features AssignedGated Parking Total 6

Interior Features

Appliances DishwasherDisposalRefrigeratorWasher

Property Features

Association YN No Gross Income 98640 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 70943 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-25T00:33:15.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Stefanie Angel Team | Keller Williams Victor Valley. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372773698-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372773698-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372773698-2.jpg
Logo
The Stefanie Angel Team | Keller Williams Victor Valley
18333 Bear Valley Rd.
Hesperia CA, 92345
Listing Agent(s): Davis Saadian of Carolwood Estates (310-623-3600)