1318 West 35th Place Los Angeles, CA ^$ 1,555,000

1318 West 35th Place

^$ 1,555,000

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1318 West 35th Place

Los Angeles, CA, 90007

^$ 1,555,000

Studio Baths0.0 Sq 2,879

Monthly Estimate*

^$ 10,335

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,555,000. This 2,879 square foot home was built in 1908 on a lot size of 0.16.

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.

Multi-Family Pending

Price

^$ 1,555,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1908

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024392393

Features

General

Zoning LARD1.5

Year Built 1908

Levels Two

County Los Angeles

Net Operating Income 70943.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Pending

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C34 - Los Angeles SW

Lot Size Units Square Feet

Lot Size Square Feet 6803.0

Street Name 35th

Standard Status Pending

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Disposal Dishwasher Refrigerator

Total Stories 2

Street Suffix Place

Laundry Features Washer Included

Total Baths 0

Exterior

Parking Features Assigned

Lot Size Area 6803.0

Building Area Total 2879.0

Lot Dimensions 50x136

Lot Size Acres 0.16

Land Lease Type Fee

* Excluded Features

List By

Davis Saadian

Listing Agent

Carolwood Estates

Broker

Affordability Calculator

$10,335

Per Month

Monthly Principal & Interest: $10,335
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% 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.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,989,604

Percent of Sale Price 28%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/15/2024	$1,555,000		Listed Price

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1318 West 35th Place, Los Angeles, CA, 90007 is a Multi-Family Home for sale at $1,555,000 with 2,879 sqft and a lot size of 0.16. 1318 West 35th Place is a studio with 0.0 baths and was built in 1908. The property's zip code is 90007 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 6/3/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1318 West 35th Place

Multi-Family Home for sale in Los Angeles, CA

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