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Listed by Gina Ma • IRN Realty
$2,198,500
Est. payment /mo
3,450 SqFt
Active
1238 W 35th Street Los Angeles, CA 90007
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,450 sqft
Price per Sqft $637
MLS Listing ID CRAR25049725
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1908
Lot Size 7,094 Sqft
Property Sub-Type OTHER
Property Description
The Best Location for Value-add USC off Campus Student Housing investment opportunity, only 2 Blocks away to University of Southern California (USC), located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students with parental guarantees on leases, total 12bed rooms, 10 rooms pre-leased for the upcoming 2025-2026 school year with USC students as well. Currently collecting gross rents of $15,050/month, cap rate around 6.6%, GRM12.98. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LARD1.5. The subject property is composed of two separate structures (1238 W. 35th St. and 3554-3556 S Budlong Ave) and consists of 3 spacious units, with a unit mix consisting of (1) 6-bedroom + 3-bathroom unit of total rent $7850/month, and (2) 3-bedroom + 1-bathroom units of total rent $7200/month. The property has been recently fully updated/ remodeled - featuring laminated/wood floors, Newly painted, Updated kitchen with stainless steel kitchen appliances, lots of updated cabinets, pantry and counter tops, copper plumbing throughout ( buyer verify). The investment boasts spacious floor plans, secured gated entry, and on-site laundry. The property is approximately 3450 s.f., 7094 s.f. lot, 12 bed, 5 bath, living
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry Dryer, Washer
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