Marcus & Millichap is pleased to present to market the 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, eightbedroom/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.