$ 2,198,500
-
$2,198,500
Price -
12
Bed -
5
Bath -
3,450
SqFt
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About the Listing 3129 - A36085
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, and all rooms pre-leased for the upcoming 2025-2026 school year with USC students. Currently collecting gross rents of $15,050/month, cap rate around 7%, GRM12.17. 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 rooms, and on-site laundry room...This property has charming turn of the century details that you will adore. As a bonus, this Property offers about 11 Private on-site Parking Spaces which the students loved so much, and 3 individually metered for gas and electricity and 2 individual water meters. The asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The property is collecting gross rents of $15,050/month. Don't miss!
Listing Highlights for 1238 W 35th St
Status
Active
Days on Site
184
Property Type
Multi-Family
MLS ®
AR25049725
Year Built
1908
Total Square Footage
3,450
Lot/Acreage
0.16
County
Los Angeles
Interior Details
- Bedrooms: 12
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Central Air,Wall/Window Unit(s)
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Other
Exterior Details
- Lot Description: Lot 6500-9999,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 11
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer: Unknown
- Parking Features: Auto Driveway Gate,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5040018011
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1238 W 35th St Los Angeles, CA 90007
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