326 E 35th St - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$895,000 USD
213-943-1897
326 E 35th St, Los Angeles, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/6
null | 5.49% Cap Rate

326 E 35th St
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

  • There is approximately 28% rental upside remaining, capturable through ordinary turnover.
  • Being offered at $227 per square foot, significantly below the average of the recent comparable four-unit sales in the surrounding submarket.
  • Four units over 3,944 SF of improvements offer large floor plans with 1BD-to-2BD conversion upside for added income (buyer to verify).
  • Metro E Line's Jefferson/USC Station is 0.7 mi northwest, A Line's San Pedro St 1.1 mi north, with three Metro local lines within a quarter mile.
  • USC campus sits a mile west; Exposition Park is within 1.5 miles, home to the California Science Center and the Lucas Museum (opens Sept 2026).
  • Within 1.5 miles of the LA28 Exposition Park Zone venues, with city and Metro infrastructure work advancing ahead of the 2028 Games.

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 326 East 35th Street, a four-unit apartment community located in South Los Angeles, just east of Main Street between Jefferson Boulevard and Martin Luther King, Jr. Boulevard. Built in 1913, the property comprises 3,944 square feet of improvements on a 4,996-square-foot parcel, with a unit mix of three one-bedroom units and one two-bedroom unit across large floor plans, which offer potential to convert the one-bedroom units into two-bedrooms and drive additional income (buyer to verify). There is approximately 28% rental upside remaining, capturable through ordinary turnover. The offering is priced at $227 per square foot, significantly below the average of the recent comparable four-unit sales in the surrounding submarket. With a Walk Score of 83, the property sits 0.7 miles from Jefferson/USC Station on the Metro E Line, with the 10/48, 51 and 102 Metro local lines all stopping within a quarter mile. The 110 Freeway runs less than a mile west, and Downtown Los Angeles is about two and a half miles north. The USC campus sits about a mile west, and Exposition Park lies within a mile and a half, where the Lucas Museum of Narrative Art opens in September 2026 alongside the California Science Center. That corridor carries the venues of LA28’s Exposition Park Zone: the Los Angeles Memorial Coliseum, Exposition Park Stadium and USC’s Galen Center. The city and Metro are advancing transit and infrastructure work across Los Angeles ahead of the 2028 Summer Games. 326 East 35th Street offers investors an opportunity to acquire a value-add asset in one of the most accessible submarkets in South Los Angeles. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,996 SF

ZONING

LAR2

APN/PARCEL ID

5120-014-010

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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