The Ben Lee Group of Marcus & Millichap is pleased to present 1286 W 35th Place, a newly constructed 25-bed student housing asset located just west of USC within the university’s 24-hour Department of Public Safety patrol zone. Designed specifically for the modern student renter, the property features a diverse mix of bedroom layouts ranging from three- to six-bedroom units, offering both single and double occupancy options that appeal to a wide tenant base.
Each unit is thoughtfully designed with light-filled floor plans, wood-style flooring, quartz countertops, stainless steel appliances, in-unit laundry, central HVAC, and built-in closets, blending comfort and functionality with a contemporary design aesthetic. Early leasing achieved projected rents across multiple unit types, underscoring strong demand and validating the asset’s positioning in the USC student housing market.
The property is ideally situated just a half-mile from USC’s main University Park Campus and less than a mile from USC Village, providing residents convenient access to nearby dining, retail, and transportation via the Expo/Vermont Metro station. Priced at $179,960 per bed with a projected 7.45% CAP rate and 10.23 GIM upon stabilization, the asset offers investors both immediate cash flow and long-term upside potential, with the opportunity to increase total occupancy to 27 beds by converting oversized bedrooms.
Beyond its strong in-place income, the property also provides meaningful tax advantages. Under the One Big Beautiful Bill Act, multifamily assets qualify for 100% bonus depreciation, allowing investors to significantly accelerate depreciation schedules and shelter early-year income. Newly built, resilient, and fully stabilized, 1286 W 35th Place presents an exceptional opportunity to acquire a turnkey student housing investment in one of Los Angeles’ most durable and high-demand rental submarkets.