1286 W 35th Pl - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$4,499,000 USD
310-909-2317
1286 W 35th Pl, Los Angeles, CA for Sale
$4,499,000 USD
Apartments - FOR SALE
1/17
null | 7.45% Cap Rate

1286 W 35th Pl
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • Student Housing
  • Resilient Tenant Base
  • Brand New Construction

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,499,000 USD

PRICE/SF

$635 USD /SF

# OF UNITS

5

PRICE/UNIT

$899,800

CAP RATE

7.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cardinal Commons

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,711 SF

ZONING

LARD1.5

APN/PARCEL ID

5040-006-001

ASK ABOUT THIS PROPERTY

Ben LeeMarcus & MillichapMore Info
310-909-2317

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Ben LeeMarcus & MillichapMore Info
310-909-2317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.