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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,700,000

Est. payment - /mo

6,904 Sqft Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25136696

HOA Y/N No

Year Built 1913

Lot Size 6,904 Sqft

Property Sub-Type Mixed Use

Property Description

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, eight-bedroom/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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Urban

Total Parking Spaces 3

Private Pool No

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5040003001

Acceptable Financing Cash, Cash to New Loan, Owner May Carry

Listing Terms Cash, Cash to New Loan, Owner May Carry

Special Listing Condition Standard

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Listed by Steven Bogoyevac Steven M. Bogoyevac, Broker steve.bogoyevac@marcusmillichap.com

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1327 W 35th ST Los Angeles, CA 90007