1327 W 35th St - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$1,700,000 USD
424-405-3826
1327 W 35th St, Los Angeles, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/52
null | 6.62% Cap Rate

1327 W 35th St
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • Student Housing Investment Property
  • Excellent Location Walking Distance to USC
  • Within the DPS Patrol Zone
  • Strong In-Place Cash Flow Plus Nine Percent Rental Upside
  • Premium Rental Demand Due to Proximity to USC

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

2

PRICE/UNIT

$850,000

CAP RATE

6.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1913

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,905 SF

ZONING

LARD1.5

APN/PARCEL ID

5040-003-001

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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