Los Angeles, CA 90007,1238 W 35th Street
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Los Angeles, CA 90007,1238 W 35th Street
Los Angeles, CA 90007,1238 W 35th Street
Los Angeles, CA 90007,1238 W 35th Street
Los Angeles, CA 90007,1238 W 35th Street
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$ 2,198,500
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1238 W 35th Street Los Angeles, CA 90007

12 Beds

3,450 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 3,450 sqft

Price per Sqft $637

MLS Listing ID CRAR25049725

Bedrooms 12

HOA Y/N No

Year Built 1908

Lot Size 7,094 Sqft

Acres 0.16

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, and 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..

Location

State CA

County Los Angeles

Zoning LARD

Interior

Heating Central

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Laundry Dryer, Washer

Exterior

Utilities Available Other Water/Sewer

Total Parking Spaces 11

Building

New Construction No

Others

Tax ID 5040018011


Bridge MLS
Listed by Gina Ma • IRN Realty
agent

Sandra Lucas

Broker Associate | License ID: 01496944

+1(925) 464-8400

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1238 W 35th Street