1318 W 35th Place, Los Angeles, CA 90007

About this property

We are pleased to present the opportunity to acquire 1318 W. 35th Place, a three (3) unit student housing redevelopment investment, located in the desirable DPS Patrol Zone, and walking distance to the USC campus. This 6,800 SF lot offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development for an additional 2 units, totaling a potential 6 buildable units, plus the construction of ADU's to further increase cash-flow. Current income is $8,220/month. The asset presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns. The site allows an investor to capitalize on a densely populated, affluent, and gentrifying area that continues to experience rapid rent growth.

Listing description from the July 2024 sale, as reported to CRMLS.

Sale history

$1,525,000

Sold July 2024 · listed $1,555,000, on market May 2024 · MLS #24392393 · Source: CRMLS

Listing Agent: Davis Saadian · Listing Office: Carolwood Estates · Contact: 310-623-3600 · Bought with: Davis Saadian · Carolwood Estates

$555,000

Sold April 2014 · listed $549,900, on market January 2014 · MLS #PW14006347 · Source: CRMLS

Listing Agent: Polly Watts · Listing Office: Polly Watts, Broker · Contact: 310-640-3040 · Bought with: NON-MEMBER NON-MEMBER · NON-MEMBER

$300,000

Sold February 2013 · on market November 2012 · MLS #Y1206048 · Source: CRMLS

Listing Agent: Marcial Rivas · Listing Office: Tierra Bella Realty R-M · Contact: 562-622-1726 · Bought with: Marcial Rivas · Tierra Bella Realty R-M

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