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$1,700,000
Est. payment /mo
6,904 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25136696
HOA Y/N No
Year Built 1913
Lot Size 6,904 Sqft
Property Sub-Type Mixed Use
Property Description
Student housing investment property located at 1327 West 35th Street in Los Angeles, California near the world-renowned University of Southern California! The property's location demands premium student housing rental rates, making this an outstanding acquisition opportunity for an investor looking for strong in-place cash flow, and current rents offer an additional nine percent rental upside. Furthermore, attractive seller financing is available to qualified buyers.
1327 West 35th Street comprises a massive three-story, eight-bedroom/six-bathroom Craftsman mansion and a rear service house that features four bedrooms and two baths. The property has been renovated and boasts amenities such as new kitchen appliances, furnished rooms with mini fridges, laundry facilities, on-site parking, secure entry, and a bike storage room.
The property's excellent location within the DPS Patrol Zone and walking distance to campus make it a fantastic student housing option. Student housing needs continue to grow, and two brand new developments aimed toward student rentals are on the same block as 1327 West 35th Street with several others underway nearby.
1327 West 35th Street comprises a massive three-story, eight-bedroom/six-bathroom Craftsman mansion and a rear service house that features four bedrooms and two baths. The property has been renovated and boasts amenities such as new kitchen appliances, furnished rooms with mini fridges, laundry facilities, on-site parking, secure entry, and a bike storage room.
The property's excellent location within the DPS Patrol Zone and walking distance to campus make it a fantastic student housing option. Student housing needs continue to grow, and two brand new developments aimed toward student rentals are on the same block as 1327 West 35th Street with several others underway nearby.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Urban
Total Parking Spaces 3
Private Pool No
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5040003001
Acceptable Financing Cash, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to New Loan, Owner May Carry
Special Listing Condition Standard
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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com
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