1266 W 35th Place
Los Angeles, CA, 90007 $ 995,000
Bedrooms5 Baths3.0 Sq 1,552 Monthly Estimate*
$ 6,950
for $995,000 with 5 bedrooms and 3 full baths. This 1,552 square foot home was built in 1920 on a lot size of 0.1085.
Introducing an exceptional Student Housing Portfolio featuring three free-standing houses and six parking spots, ideally situated just two blocks west of USC within the DPS patrol and Lyft zone, offering students convenient and complimentary transportation services. The property boasts full occupancy with USC students, secured by 1-year lease agreements typically backed by parents. All student leases start August 1st, and end July 29th the next year. All current students are graduating this year - property could be delivered vacant by July 29, 2024. Each one-story house underwent extensive remodeling, including updates to plumbing, electric and sewer systems, bathrooms, kitchens, tiled flooring, granite countertops, and appliances. The configuration includes two 2-bedroom, 1-bathroom houses, alongside a unique 1-bedroom, 1-bathroom house utilized as two separate rooms. Each house offers a distinct floor plan with dual entrances, ensuring added privacy for each student. Surrounded by lush greenery, the property features on-site laundry facilities and bike racks. This emphasis on privacy and natural surroundings appeals to students seeking the comforts of a home over multi-unit buildings. This investment opportunity presents a prime chance for investors to acquire a premier student housing portfolio in the desirable USC submarket. For developers/investors, the option to acquire the adjacent property at 1270 W 35th Place further enhances the opportunity, enabling the development of multi-unit student housing on a sizable combined lot of 9,636 sq ft, a rarity in this area. Or living in one house and renting out others can be a smart financial move, providing you with a stable income stream while potentially helping you build equity in the properties you own. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS. ALL OFFERS DUE ON 5/8/24 AT 5 PM.
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FeaturesGeneralHeating Electric
Appliances Refrigerator
Zoning LARD1.5
Year Built 1920
Stories 1
Levels One
Gross Income 93600.0
County Los Angeles
Net Operating Income 84305.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Google Maps
City Los Angeles
View Y/N N
Senior Community Y/N N
Open Parking Spaces 6.0
Total Units 3
MLS Area C34 - Los Angeles Southwest
Lot Size Square Feet 4725.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name 35th
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Cap Rate 8.47
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ExteriorParking Features Carport
Total Parking 6.0
Lot Size Area 4725.0
Number of Buildings 3
Spa N
Building Area Total 1552.0
Lot Size Acres 0.1085
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 0
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Place
Total Bedrooms 5
Electric On Property Y/N N
Total Baths 3
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $6,950
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,989,624
Percent of Sale Price 100%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/26/2024 | $995,000 | | Listed Price |