1359 W 35th Pl - Multi-Family FOR SALE


Los Angeles, CA 90007- South Central LA
$4,995,000 USD
310-658-2668
1359 W 35th Pl, Los Angeles, CA for Sale
$4,995,000 USD
Multi-Family - FOR SALE
1/18
null | 8.04% Cap Rate

1359 W 35th Pl
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • Brand-new 2025 construction student housing asset featuring 34 bedrooms and 36 bathrooms.
  • Priced at $4,995,000, equating to $146,900 per bedroom, $471 per square foot, and a 8.04% cap rate (including an 8% management fee).
  • Premium design features include 10-foot ceilings, private bathrooms, in-unit powder rooms, two washer/dryer hookups per unit
  • Designed for long-term durability, featuring premium materials, efficient layouts, and low-maintenance systems that minimize operating costs
  • Flexible leasing options support rent-by-the-room, rent-by-the-bed, co-living, transitional housing, or affordable housing models.
  • Prime location within the USC DPS Patrol Zone and near the Expo/Vermont Metro Station, providing immediate access to USC, Downtown LA, major museums.

OVERVIEW

Introducing 1359 W. 35th Place, a premier new-construction student housing investment located just steps from the University of Southern California (USC) and within the DPS Patrol Zone. Newly Constructed in 2025, this thoughtfully designed asset features 34 oversized bedrooms and 36 bathrooms, with each bedroom offering a private en-suite bathroom and closet. Priced at $4,995,000, this represents an attractive $146,900 per bedroom and $471 per square foot, offering investors a strong 7.69% cap rate (which already accounts for an 8% professional property management fee). The property has been meticulously designed for comfort, functionality, and long-term durability. Each unit contains two washer/dryer hookups and a powder room, and every floor includes its own full kitchen, making daily living convenient for tenants and management efficient for owners. The 10-foot ceilings, premium finishes, and thoughtful layouts elevate this property above standard student rentals, making it ideal for both rent-by-the-room and rent-by-the-bed leasing strategies. A spacious rooftop deck provides sweeping city views and a comfortable communal area for socializing, studying, or relaxing, enhancing the overall living experience and tenant appeal. Its flexible design also accommodates co-living, transitional, or affordable housing opportunities, broadening the potential tenant pool and supporting consistent occupancy. Located just a short walk from USC and less than half a mile from the Expo/Vermont E Line Metro Station, tenants enjoy easy access to Downtown Los Angeles, the LA Coliseum, BMO Stadium, California Science Center, Natural History Museum, and the upcoming Lucas Museum of Narrative Art. With the 2028 Olympics approaching and sustained demand from USC students, this brand-new, high-capacity asset represents a rare opportunity to acquire a low-maintenance, high-yield property in one of Los Angeles’ most resilient rental submarkets.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$471 USD /SF

# OF UNITS

2

PRICE/UNIT

$2,497,500

CAP RATE

8.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

34 Bedroom Student Housing New Construction!

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,093 SF

ZONING

LARD2

APN/PARCEL ID

5040-004-008

ASK ABOUT THIS PROPERTY

Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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