1238 W 35th Street, Los Angeles, CA 90007 - MLS#AR25049725

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,198,500

Est. payment | -/mo

12 Beds

5 Baths

Save

$ 2,198,500

Est. payment | -/mo

Save

12 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25049725

Bedrooms 12

Property Sub-Type Res Income 2-4 Units

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, 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 l

Location

State CA

County Los Angeles

Zoning Assessor

Direction Cross Street is S. Budlong Ave.

Interior

Cooling Central Forced Air, Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5040018011

Listed by Gina Ma IRN Realty

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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1238 W 35th Street Los Angeles, CA 90007